What platform settings does the entrustment order process of OuYi Contract depend on?

The OuYi contract entrustment order process involves initiating an order, determining the clearing price, allocating margin, and transmitting the order to the matching engine for execution.

Feb 01, 2025 at 06:06 pm

Key Points

• Understanding the Ouyi Contract Entrustment Order Process
• Factors Influencing Order Execution
• Order Status and Management
• Essential Settings for Limit Orders
• Leveraging Advanced Tools for Order Management

OuYi Contract Entrustment Order Process

The OuYi Contract entrustment order process involves several crucial steps that determine the execution and management of your orders.

Order Placement:

1. Initiating an Order: Choose the contract you wish to trade, input the desired order volume, and select your preferred order type.
2. Clearing Price Determination: The clearing price is based on the latest index price and calculated according to the chosen order type.
3. Risk Control: The platform evaluates your position and margin to ensure adequate coverage against potential losses.
4. Margin Allocation: A portion of your margin is allocated to the specific order to protect against market fluctuations.
5. Order Submission: Your order is transmitted to the Ouyi matching engine for execution.
6. Order Execution: Once an order matches another order, the transaction is processed, and the corresponding position is created.

Order Management:

1. Managing Open Orders: Track and modify your active orders through the Orders section, where you can adjust quantities, prices, and order types.
2. Canceling Orders: Remove open orders before execution to re-strategize or protect against unfavorable price movements.
3. Order History: Access a detailed history of all previously executed orders, including order details, execution time, and transaction fees.

Limit Order Settings:

1. Specifying Order Price: Define the exact price at which you want your limit order to be executed.
2. Adjusting Time In Force: Choose between GTC (Good Til Canceled) or IOC (Immediate Or Cancel) to control how long your order remains active.
3. Setting Post-Only Limit: Prevent your orders from being executed against market orders to maintain your desired price level.

Advanced Tools:

1. Trailing Stop Orders: Dynamically adjust stop-loss levels based on market price movements.
2. Take Profit Orders: Automatically close a position once a specified profit target is achieved.
3. Stop Limit Orders: Orders that combine a stop and a limit, providing flexibility in order execution.

FAQs

Q: What factors influence order execution speed?
A: Order execution depends on market liquidity, order size, and proximity to the clearing price.

Q: How can I cancel an order that has been partially executed?
A: Only the unfilled portion of an order can be canceled. Submit a new order to cancel the remaining quantity.

Q: What is the difference between a post-only limit order and a regular limit order?
A: Post-only limit orders protect your desired price by only matching against limit orders, preventing market order executions.

Q: How do I use trailing stop orders to manage risk?
A: Set a percentage or point difference to automatically adjust your stop-loss price as the market moves in your favor, protecting realized profits.

Q: What is the significance of the clearing price?
A: The clearing price determines the execution price of market orders and settles margin calculations for limit orders.