Title:Update: BTC Futures Orders
1#Published:2014-12-11 20:37:10 - IP:221.221.*.*
Update: BTC Futures Orders
On 12 December, 2014 at 14:00 UTC, OKCoin adjusted the calculation method for BTC futures orders. From this time on, all USD prices shall be calculated to a maximum of one decimal point ($0.10), and CNY prices shall be calculated to a maximum of 0 decimal points (￥1.00).
Open orders’ prices will be unaffected by this update, after which all new order prices will be determined according to the conditions described below.
If the price of any order opened via API or stop order is rounded to more than one decimal place, the effective price will be automatically adjusted as follows:
All buy orders (open long, close short) will be rounded down to a maximum of one decimal place,
$350.29 -> $350.20
$350.22 -> $350.20
All sell orders (open short, close long) will be rounded up to a maximum of one decimal point.
$350.29 -> $350.30
$350.22 -> $350.30
The reason for this form of rounding is to ensure that sell order prices are never lower than the user specified, and that buy order prices are never higher than the user specified.