Why is not talking about what happened yesterday during listing?
During the 1st min of trading, some trades happened but my orders got ignored.
Then order book on the GUI was a total mess. I think
, you own an explanation to customers.
Conversation
exactly as planned. wait 2 minutes for the orderbook to fill a little bit on the ask side. then the market maker trading desk gets to buy up all the orders that were placed between lets say 0.12$ and 0.6$. then others are allowed to participate
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(you can confirm that is not what happened if you look through the log of trades/orders)
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so what happened to the market orders that have been sent during the first 2 minutes? Why is the second minute of trading vol at 120$?
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they failed to trade because they could not get filled within price bands
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Hi, I've oppened an support ticket regarding this. Clearly the strategy we used wasn't ok. Wanted to fill big.
Can you clarify the price band concept you're talking about ? Is it a slippage protection on market orders ? Is there documetnation about it ? Thanks.
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Yup!
help.ftx.com/hc/en-us/artic
Going forward we will consider widening price bands beyond their normal state for new listings
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Thanks, one thing that is really troublesome regarding this is the fact that no error is returned by the back-end. I know I'm supposed to watch fills, and I haven't done so. But I don't think the engine should accept the order, and then do nothing. Really misleading.
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