1. The criteria of sorting trading orders
Orders are sorted by the best price and the time of submission. The system will store the orders in the database and categorize them into the order book. Which collects trading orders that customers have not yet been matched. Orders are organized into two groups: bid and offer.
1.1 Bid
The bid is an order in which the customer informs the required price and volume. For example, the customer wants to buy 1 BTC at the price of 120,000 THB (in the case of BTC / THB trading). In this case, the best order or the highest bid will be prioritized to be matched. In this case, in the event that multiple orders come at the same price, the orders that have been submitted first will be given priority in the matching first.
Example of Bid
|
Price (BTC/THB) |
Volume (BTC) |
Time |
Priority |
|
120,000 |
0.5 |
10:21 |
1 |
|
120,000 |
0.3 |
10:25 |
2 |
|
119,990 |
0.2 |
10:19 |
3 |
|
119,980 |
0.4 |
10:18 |
4 |
1.2 Offer
Offer is an order that the customer informs the required price and quantity of digital assets being sold. For example, the customer wants to sell 1 BTC at a price of 125,000 THB (in the case of BTC / THB trading). In this case, the best offer or the lowest offer will be prioritized to be matched. However, in the event that the offer has the same price, the first offer will receive priority to be matched first.
Example of Offer
|
Price (BTC/THB) |
Volume (BTC) |
Time |
Priority |
|
125,000 |
0.5 |
10:21 |
1 |
|
125,100 |
0.3 |
10:17 |
2 |
|
125,100 |
0.2 |
10:19 |
3 |
|
125,200 |
0.4 |
10:18 |
4 |
2. How to match bid and offer
The bid and offer will be matched when the best bid price (the highest bid) is higher than or equal to the best offer price. (The lowest offer). Such orders include regular orders and orders originating from the Digital Asset Exchange. The steps for trading are as follows:
(1) New orders will be checked against orders stored in the order book to check any orders can be matched or not.
(2) Orders that have been submitted and have not been matched will be compiled in the order book.
(3) The system will confirm the price and the trading volume of the matched order and UPDATE static_content.the order book to be up-to-date and the numbers in the customer's account on both buyer and seller sides.
(4) The system will deduct the trading fee before the next price is settled.
3. Types and definition of each trading order
| Type | Definition |
| 1. limit order |
An order that specifies the desired price to buy or sell along with the volume. The transaction will take place as follows. - Bid orders can be matched (matching) with other customers' orders only when the offered price is equal to or lower than the bid price in the order. - Offered orders can be matched with other customers' orders only when the bid price is equal to or higher than the offered price. In case the order is not matched, the customer’s buy or sell limit order will remain in the system of the Exchange until they are matched or has been canceled by the customer. |
| 2. market order |
An order that specifies the quantity you wish to buy or sell without specifying the price. The order will be matched with the best available bid or offer in the order book. |
| 3. stop loss sell market order (Not currently available) |
This market order will be effective only the last price is equal to or lower than trigger price. In case the order is not matched, the customer’s buy or sell market order will remain in the system of the Exchange until they are matched or has been canceled by the customer. For example, the current BTC trading price is 300,000 baht per 1 BTC and the customer sets a trigger price for a stop loss sell market order at 250,000 baht. When the last price of BTC is 250,000 baht per 1 BTC, stop loss sell market order will sell the customer's BTC at the best price. |
| 4. stop loss sell limit order |
This limit order will be effective only the last price is equal to or lower than trigger price. This will become a limit order if the best bid price is equal to or higher than the limit order. In case the order is not matched, the customer’s buy or sell limit order will remain in the system of the Exchange until they are matched or has been canceled by the customer. For example, the current BTC trading price is 300,000 baht per 1 BTC and the customer sets a trigger price for a stop loss sell market order at 250,000 baht per 1 BTC and sets limit order at 230,000 baht. When the last price of BTC is 240,000 baht per 1 BTC, the stop loss sell limit order will match the sell order with the bid price equal to or higher than 230,000 baht per BTC. In the same case, if the customer sets a sell limit order at 250,000 baht per BTC and the last price of BTC is 240,000 baht per 1 BTC, stop loss sell limit order will match the sell order with the bid price that is equal to or higher than 250,000 baht per BTC If matching is not possible, the customer's limit order will remain in the system until it has been matched or canceled by the customer. |
| 5. breakout buy market order (Not currently available) |
This market order will be effective only the last price is equal to or lower than trigger price. In case the order is not matched, the customer’s buy or sell market order will remain in the system of the Exchange until they are matched or has been canceled by the customer. For example, the current BTC trading price is 200,000 baht per 1 BTC and the customer sets the trigger price for the breakout buy market order at the selling price of 250,000 baht. When the last price of BTC in the company's trading center is 250,000 baht per 1 BTC, breakout buy market order will buy the customer's BTC at the best-offered price. |
| 6. breakout buy limit order |
This limit order will be effective only the last price is equal to or lower than trigger price. This will become a limit order if the best bid price is equal to or higher than the limit order. In case the order is not matched, the customer’s buy or sell limit order will remain in the system of the Exchange until they are matched or has been canceled by the customer. For example, the current BTC trading price is 200,000 baht per 1 BTC and the customer sets a trigger price for a stop loss sell market order at 240,000 baht per 1 BTC and assets limit order at 230,000 baht. When the last price of BTC is 240,000 baht per 1 BTC, the stop loss sell limit order will match the sell order with the bid price equal to or higher than 230,000 baht per BTC. In the same case, if the customer sets a sell limit order at 250,000 baht per BTC and the last price of BTC is 240,000 baht per 1 BTC, breakout buy limit order will match the sell order with the bid price that is equal to or higher than 250,000 baht per BTC If matching is not possible, the customer's limit order will remain in the system until it has been matched or canceled by the customer. |
4. Other trading rules
|
Trading rules |
Details |
|
1. Trading hours |
24/7 |
|
2. Digital Asset Exchange may suspend trading of digital assets as follows: |
2.1 There are unusual transactions in the trading system such as There are large volumes of withdrawal or trading orders from multiple accounts. 2.2 System improvements such as server maintenance or software updates. |