🏷️ Price-Suggesting Rules
Learn how the Price-Suggesting Rule uses order book data to recommend competitive buy and sell prices for market and limit orders.
On the market page, the Rule of Price-Suggesting governs how prices are suggested for both market and limit orders. This system dynamically evaluates current market conditions, including the state of the order book, market depth, and real-time pricing trends, to offer informed and competitive price recommendations for traders. By integrating these factors, the framework ensures efficient and transparent trading decisions.
🛒 For Buyers
When placing a buy order, the system will suggest the following prices:
Market Order — displays the lowest Ask (selling) price in the order book at the current time.
Limit Order — displays the lower of the two values for the market you are trading:
| Market | Value 1 | Value 2 |
|---|---|---|
| Yes Market | Lowest Ask (selling) price of YES | Highest Bid (buying) price of NO |
| No Market | Lowest Ask (selling) price of NO | Highest Bid (buying) price of YES |
🏷️ For Sellers
When placing a sell order, the system will suggest the following prices:
Market Order — displays the highest Bid (buying) price in the order book at the current time.
Limit Order — displays the higher of the two values for the market you are trading:
| Market | Value 1 | Value 2 |
|---|---|---|
| Yes Market | Highest Bid (buying) price of YES | Lowest Ask (selling) price of NO |
| No Market | Highest Bid (buying) price of NO | Lowest Ask (selling) price of YES |
The Rule of Price-Suggesting ensures that traders have clear and competitive price recommendations for both buying and selling, based on the real-time state of the order book. By referencing the lowest asks and highest bids dynamically, this framework aligns user actions with market conditions, enabling informed decision-making and streamlined trading.