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Home » 公告 » OKEX虚拟合约用户使用协议 Add New Post

OKEX虚拟合约用户使用协议

Moderator published on OKCoin公告 公告 2014-08-05 23:47 16576
为使用OKEX虚拟合约,用户应当阅读并遵守《OKEX虚拟合约用户使用协议》(以下简称“本协议”),以及《数字货币交易平台OKEX服务条款》等。请用户务必审慎阅读、充分理解各条款内容,特别是免除或限制责任的相应条款,以及开通或使用某项服务的单独协议,并选择接受或不接受。

除非用户已阅读并接受本协议所有条款,否则用户无权使用OKEX虚拟合约及其相应的服务。用户对本服务的登录、查看、发布信息等行为即视为用户已阅读并同意本协议的约束。

1. 综述

1.1虚拟合约是OKEX推出的虚拟货币衍生品。由OKEX负责产品的设计管理和交易平台的运营服务。

1.2 用户保证,在本协议并注册成为本平台用户时,用户已经年满18周岁;本协议内容不受用户所属国家或地区法律的排斥并遵守所属国家相应的法律;遵守OKEX平台的交易规则和虚拟合约产品交易规则。不具备前述条件的,用户应立即终止注册或停止使用本服务。

2.合约产品规则

2.1 合约的标的包括BTC,LTC,以及其他OKEX认可的虚拟货币品种。在进行交易时以美元对合约标的进行计价。

2.2 BTC合约的面值为100美元,报价时的最小变动单位为0.01美元。LTC合约的面值为10美元,报价时的最小变动单位为0.001美元。



2.3 合约分为当周合约,次周合约和季度合约。当周合约将在距离当前日期最近的一个周五交割,次周合约将在当周合约交割日之后的下一个周五交割,季度合约是指交割日为每年3,6,9,12月中距离当前最近的一个月份的最后一个周五,且不与当周/次周/季度合约的交割日重合。 上述周五皆以北京时间为准。

2.4 合约的交割时间为合约到期日的北京时间16:00,所有未平仓的到期合约仓位将按照交割价进行交割。交割价为对应虚拟货币价格指数的最后一小时算术平均价。新合约将于交割日当日下午16:10开始交易。

2.5 如果交割和结算时间前后出现市场异常,导致指数大幅波动,或者出现分摊比例异常,我们将有可能根据具体情况选择延时交割和结算,具体规则OKEX平台将发公告说明。

3.交易规则

3.1 用户可以通过网页,客户端,api,以及OKEX认可的方式下达交易委托。委托内容包括委托价,委托数量,委托方向,开平仓方向,以及OKEX要求的其他内容。



3.2 当用户下达开仓委托并且成交时,投资者将会建立相应的合约仓位,在该仓位未被平仓时,随着价格的波动将会产生未实现盈亏。未实现盈亏可以充当合约的保证金,但不可提现。未实现盈亏的计算公式:多仓未实现盈亏=(合约面值 / 结算基准价 - 合约面值 / 当前价格)* 持仓数量; 空仓未实现盈亏=(合约面值 / 当前价格 - 合约面值 / 结算基准价)* 持仓数量



3.3 当用户下单平仓委托并且成交时,将会从投资者所持有的仓位中扣减相应的持仓数量,并且将未实现盈亏转化为已实现盈亏。已实现盈亏可以充当合约的保证金,但在获得盈利的合约交割前不可以提现。已实现盈亏的计算公式:多仓已实现盈亏=(合约面值 / 结算基准价 -合约面值 /平仓价格) * 平仓数量; 空仓已实现盈亏=(合约面值 / 平仓价格-合约面值 /结算基准价)* 平仓数量



3.4 当某一合约到达交割日时,该合约将会在北京时间下午的16:00进行交割,所有的持仓将会按照交割价平仓,所有的未实现盈亏转化为已实现盈亏,已实现盈亏扣除该合约盈亏差额后转为账户余额。账户余额可以充当合约的保证金,可以提现。



3.5 如果交割和结算时间前后出现市场异常,导致指数大幅波动,或者出现分摊比例异常,OKEX将有权利根据具体情况选择延时交割和结算,具体规则由OKEX平台发公告说明。



4.风控规则



4.1 OKEX虚拟合约采用全仓保证金制度,逐仓保证金制度和限价爆仓制度。而全仓保证金制度与逐仓保证金制度,投资者二者只能选其一。



当用户选择全仓保证金时,用户转入虚拟合约账户的所有余额,所有合约产生的盈亏都将作为合约的持仓保证金(用户的保证金率=用户所有保证金/用户持仓所需的保证金-调整系数。在10倍杠杆时,BTC合约的调整系数=10%,LTC合约的调整系数=20%;在20倍杠杆时,BTC合约的调整系数=20%,LTC合约的调整系数=40%)。当保证金率等于0时,账户将被爆仓,所有仓位将被限价强平,未能强平的委托将在交割时进行爆仓分摊。



当用户选择逐仓保证金时,用户开仓时所需要的保证金将作为合约的持仓固定保证金。用户某合约某方向某杠杆仓位的保证金率((固定保证金+未实现盈亏)/初始开仓所需保证金-调整系数;在10倍杠杆时,BTC合约的调整系数=10%,LTC合约的调整系数=20%;在20倍杠杆时,BTC合约的调整系数=20%,LTC合约的调整系数=40%)小于等于0%,这个合约的这个方向仓位将会被爆仓,而这个合约的其他方向仓位,及其他合约将不受影响。



4.2 全仓保证金制度:所有虚拟合约账户中的BTC和LTC都将作为虚拟合约持仓的保证金,保证金数量将会随价格变化而变动。当虚拟合约价格朝着不利于投资者方向运动时,账户权益即会发生损失。当用户的保证金率变为0%时,账户即被爆仓,此时被爆仓的用户的损失接近或等于其虚拟合约账户中的所有资产。用户通过转入保证金和开仓合约的数量调整时机杠杆倍数。转入的保证金越多,开仓的合约数量越少,虚拟合约的实际杠杆倍数即越小,越不容易被爆仓。



4.3 逐仓保证金制度:用户在合约开仓时所需要的保证金作为虚拟合约持仓的固定保证金,当虚拟合约价格发生变化时,保证金数值不发生变化。当虚拟合约价格朝向不利于用户方向运动时,未实现盈亏将发生损失。当用户的该合约该仓位的保证金率((固定保证金+未实现盈亏) * 开仓均价 * 杠杆 / (合约面值 * 持仓数量) - 调整系数;10倍杠杆,BTC合约的调整系数=10%,LTC合约的调整系数=20%;20倍杠杆,BTC合约的调整系数=20%,LTC合约的调整系数=40%)小于等于0%时,该合约的该仓位将被爆仓,此时被爆仓的用户损失接近或等于其该合约该方向仓位下的固定保证金。



4.3 限价爆仓制度:为了避免比特币价格波动剧烈时连环爆仓,OKEX虚拟合约采用限价爆仓制度。当某用户的账户爆仓时,其持有的仓位将会按照正好使其账户权益变为0的价格下强平单,而非按照市价下强平单。这种平仓方式的优点在于不会以市价单砸盘,减小虚拟合约价格波动。若强平单在交割前未能全部成交,在交割后该部分未能成功强平的仓位产生的损失将计入穿仓用户亏损,由三个合约所有盈利用户的所有收益作为分摊基数进行分摊。



4.4 当用户的持仓数量或委托数量过大,OKEX认为可能对系统和其他用户产生严重风险时,OKEX有权要求用户采用撤单,平仓等风控措施,在OKEX认为有必要的时候,OKEX有权利对个别账户采用限制总仓位数量,限制总委托数量,限制开仓,撤单,强行平仓等措施进行风险控制。



4.5 若直至交割仍有强平委托未能成交,则在交割时该仓位将按照交割价进行交割,由此产生的亏损记作合约的盈亏差额。在合约进行交割时,将会按比例从该合约的盈利账户中扣除部分盈利,用于弥补盈亏差额。



5.其他



5.1 用户在参与虚拟合约交易时,应当遵守公平公正的原则。



5.2 OKEX 有权利对所有恶意操纵价格,恶意影响交易系统等不道德行为进行警告,限制交易,关停账户等措施。在有必要的时候,OKEX有权采用暂停交易,取消交易,回滚时段交易等手段以消除不良影响。



5.3 当用户的持仓数量或委托数量过大,OKEX认为可能对系统和其他用户产生严重风险时,OKEX有权要求用户采用撤单,平仓等风控措施,在OKEX认为有必要的时候,OKEX有权利对个别账户采用限制总仓位数量,限制总委托数量,限制开仓,撤单,强行平仓等措施进行风险控制。



5.4 系统平台因下列状况无法正常运作,使用户无法使用各项服务或不能正常委托时,OKEX不承担损害赔偿责任,该状况包括但不限于:



A.OKEX平台公告之系统停机维护期间;



B.电信设备出现故障不能进行数据传输的;







C.因台风、地震、海啸、洪水、停电、战争、恐怖袭击等不可抗力之因素,造成OKEX平台系统障碍不能执行业务的;



D.由于黑客攻击、计算机病毒侵入或发作、电信部门技术调整或故障、网站升级、银行方面的问题、因政府管制而造成的暂时性关闭等影响网络正常经营的原因而造成的服务中断或者延迟;



E.因为行业现有技术力量无法预测或无法解决的技术问题而造成的损失;



F.因第三方的过错或者延误而给用户或者其他第三方造成的损失。



5.5 由于系统故障,网络原因,DDos等黑客攻击等意外因素可能导致的异常成交,行情中断,以及其他可能的异常情况,OKEX 有权根据实际情况取消异常成交结果,以及回滚某一段时间的所有成交。



5.6 OKEx交易平台将严厉禁止任何不正当的交易行为,包括但不限于用户利用可能存在的系统漏洞进行恶意委托,通过大额委托,连续委托,关联账户对倒成交等方式恶意操纵价格和成交量等行为,OKEX 平台有权根据实际情况取消异常成交结果,以及回滚某一段时间的部分或所有成交。



5.7本协议内容同时包括OKEX的各项制度规范、其它本协议附件中的协议或规则、OKEX可能不断发布的关于本服务的其他相关协议、规则等内容。上述内容一经正式发布,即为本协议不可分割的组成部分,你同样应当遵守。上述内容与本协议存在冲突的,以本协议为准。一经注册或使用本协议下任何服务,即视为你已阅读并同意接受本协议及上述内容的约束。OKEX有权在必要时单方修改本协议或上述内容,相关内容变更后,如果你继续使用本服务,即视为你已接受修改后的相关内容。如果你不接受修改后的相关内容,应当停止使用相关服务。



5.8本协议的成立、生效、履行、解释及纠纷解决,适用伯利兹地区法律。



5.9若你和OKEX之间发生任何纠纷或争议,首先应友好协商解决;协商不成功的,双方均同意将纠纷或争议提交伯利兹地区有管辖权的法院解决。



6. 本协议所有条款的标题仅为阅读方便,本身并无实际涵义,不能作为本协议涵义解释的依据。















OKEX Futures Trading User Agreement











1. Overview



1.1 Futures trading is a new servicelaunched by OKEX (a Singapore register company), and is managed andmaintained via OKEX’s online trading platform. 1.2 When trading futures on OKEX, allusers shall comply with relevant laws and OKEX’s terms of service, as well asthe Futures trading rules.



2. Futures



2.1 Futures contracts are priced in US dollar terms, and traded interms of Bitcoin (BTC) or Litecoin (LTC), and any otherdigital currencies that may be accepted by OKEX in the future.



2.2 The par value of a contract is US$100. The smallest unit ofquotation is US$0.01



2.3 Contract types include weekly, fortnightly and monthly. Weeklycontracts will be settled on the coming Friday relative to the current day.Fortnightly contracts will be settled on the second Friday relevant to thecurrent day. Monthly contracts will be settled on the last Friday of thecurrent month. If the last Friday of the month is same due date as a weekly orfortnightly contract, then the monthly settlement date will be the last Fridayof the following month.



2.4 Settlement time will be at 16:00 Eastern Standard Time (08:00UTC) on the due date. All open positions will be closed according to thesettlement price. The settlement price will be calculated using the arithmeticaverage of the price index of the last hour before closing.New contracts will commence trading at 08:30 UTC (16:30 CST) on settlement day.



2.5 If market anomalies are found before or after settlement and delivery, which results in wide fluctuation of futures index or abnormal clawback rate, we may postpone settlement and delivery as the case may be. We shall post an announcement regarding detailed rules.



3. Trading Rules



3.1 Orders can be placed using OKEX’s online web platform,TradeStation PC Client, API, or any other method that is accepted by OKEX The order will include price, amount, direction, position, as well asother content required by OKEX



3.2 Once an order has been processed, the user will have thecorresponding futures position. Whilst a position is still open, the user willexperience unrealized gains and losses. Unrealized gains and losses can be usedas margin, but cannot be withdrawn.Unrealized gains and losses:Long position: (100/ average open positons – 100/currentprice)*Number of contractsShort position: (100/current price – 100/average openposition)*Number of contracts



3.3 When a position is successfully closed, the correspondingposition will be removed from the user’s holding positions. Unrealized gainsand losses will subsequently be realized. Realized gains and losses can be usedas margin, but can only be withdrawn upon settlement.Realized gains and losses:Long position: (100/ average open positons – 100/currentprice)*Number of contractsShort position: (100/current price – 100/average openposition)*Number of contracts



3.4 On the delivery date, thecontract will be settled at 16:00 Eastern Standard Time (08:00 UTC). All open positionswill be closed at the settlement price, and all unrealized gains and losseswill be realized. The realized gain and loss will be transferred into youraccount. This account balance can be used to open further futures contracts, orbe withdrawn.



3.5 If market anomalies are found before or after settlement and delivery, which results in wide fluctuation of futures index or abnormal clawback rate, we may postpone settlement and delivery as the case may be. We shall post an announcement regarding detailed rules.



4. Risk Management Rules



4.1 Account equity is the totalcurrent assets belonging to the user. It is equal to the account balance +unrealised gains and losses + realized gains and losses. Only the accountbalance can be withdrawn.



4.2 When a user holds a position, the required margin is calculatedas:(100 / latest contract price / leverage ratio)*total value of thecontractThe total margin will be equal to the cumulative amount of marginrequired for each contract



4.3 When a user opens a position, the required margin is calculatedas:(100 /open price / leverage ratio)*number of contracts.If the opening position price is higher than the latest price, theorder will be opened at the latest price.



4.4 The total margin required for auser account is equal to holding margin + opening margin



4.5 The margin ratio of a customer’s account is equal to (Accountequity / total margin) – 0.1



4.6 When opening a contract,customers need to maintain a margin rate above 90%. If the opening of a newcontract will result in the margin rate being lower than 90%, the order will berefused.



4.7 When the margin rate falls below0%, all current positions will be automatically liquidated. All positions willbe closed at a price that will result in the customer account equity balancebeing zero. If the forced closed price is higher than the order price, theequity balance will be refunded back to the users account. If not all positionscannot be closed immediately, the unclosed positions will be placed in awaiting list until they can be closed at a forced price.



4.8 If there are pending forcedclosed orders at delivery time, such open positions will be closed at thedelivery price. The associated loss occurred will be credited into the contractgains & losses and will be deducted from the previous gains of thiscontract



5. Other



5.1 Users who trade in Futures shallcomply with the principles of fairness and impartiality



5.2 OKEX reserves theright to enact executive control over accounts if malicious price manipulationor any other malicious wrongdoing occurs. If required, OKEX reserves the right to close accounts, limit trading, halt trading, canceltransactions, and rollback transactions to eliminate any adverse effects in theFutures market



5.3 If the size of a customers’ position or open orders accumulate to a level which poses a clawback threat to the futures trading system or other users, OKEX may request to cancel your orders or close part of your position. As a final measure, OKEX reserves the right to limit or partially cancel the position or orders to reduce the risk in the system. 5.4 OKEX will not be responsiblefor any losses occurred due to internet network malfunctions, system failures, hacking attacks and force majeure: war, riots, floods, earthquakes or any other unexpected disruptions.



5.5 Network failures, system failures, hacking attacks, and other unforeseen factors have the potential to cause abnormal turnover, market interruptions and other possible anomalies. OKEX reserves the right to cancel and/or roll back transactions over a period of time in which it deems sufficient to mitigate any detrimental market effects.



5.6 OKEX strictly prohibits unfair trading behaviour, including but not limited to exploitation of loopholes and malicious abuse through large or continuous commissions with the goal of manipulating price and volume. OKEX reserves the right to cancel and/or roll back transactions over a period of time in which it deems sufficient to mitigate any detrimental market effects.



5.7 OKEX reserves theright to add, remove or modify any of the above rules at any time. Any suchchanges to the rules or product designs shall be made known in advance through OKEX’s website,the rules will be changed by the newest announcement .

comments

2
  • dingyong4223   Published 2016-09-10 14:38:36 1#
    看不懂啊
  • test Published 2014-10-02 15:53:31 2#
    [img]http://test1234.byethost16.com/1211805646[1].png[/img]
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