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Where is the commission order function of OYi Contract?
Commission orders allow traders to leverage third-party expertise by placing orders through exchanges or brokers, paying a fee for execution.
Jan 25, 2025 at 09:37 pm
Key Points
- Understanding Commission Order Function
- Identifying the Commission Order Interface
- Placing a Commission Order
- Managing Commission Orders
- Monitoring Commission Order Status
- Cancelling a Commission Order
Understanding Commission Order Function
- A commission order is a type of order where a trader places an order with a third party, typically an exchange or broker, and pays a commission fee in exchange for the execution of the order.
- OYi Contract offers a commission order function that allows traders to place orders with third parties and pay a commission fee.
- Commission orders can be beneficial for traders who do not have access to a particular exchange or asset, or who want to benefit from the expertise of a third party.
Identifying the Commission Order Interface
- Navigate to the OYi Contract trading platform.
- Locate the "Order" panel on the right side of the screen.
- Select the "Commission" tab at the top of the Order panel.
Placing a Commission Order
- Enter the asset you wish to trade in the "Symbol" field.
- Select the order type (e.g., limit, market, stop) from the "Type" drop-down menu.
- Specify the order quantity and price in the respective fields.
- Set the commission rate and fee in the designated fields.
- Choose the third party you wish to place the order with from the "Broker" drop-down menu.
- Review the order details and click the "Place Order" button.
Managing Commission Orders
- OYi Contract provides a "My Orders" section where traders can view and manage their open and closed orders.
- To view commission orders, navigate to the "My Orders" section and select the "Commission" tab.
- Traders can monitor the status of their commission orders, modify them, or cancel them as needed.
Monitoring Commission Order Status
- The "My Orders" section displays the status of all commission orders in real-time.
Traders can view the following information:
- Order ID
- Symbol
- Order type
- Order quantity
- Order price
- Commission rate
- Commission fee
- Order status (e.g., open, filled, cancelled)
Cancelling a Commission Order
- If a commission order needs to be cancelled, traders can follow these steps:
- Navigate to the "My Orders" section and select the "Commission" tab.
- Find the commission order to be cancelled and click the "Cancel" button.
- Confirm the cancellation request.
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