Price-Suggesting Rules
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.
When placing a buy order, the system will suggest the following prices:
- Market Order:
- Display the lowest Ask (selling) price in the order book at the current time.
- Limit Order:
- Yes Market:
- Display the lower value between:
- The lowest Ask (selling) price of YES in the order book at the current time.
- The highest Bid (buying) price of NO in the order book at the current time.
- No Market:
- Display the lower value between:
- The lowest Ask (selling) price of NO in the order book at the current time.
- The highest Bid (buying) price of YES in the order book at the current time.
When placing a sell order, the system will suggest the following prices:
- Market Order:
- Display the highest Bid (buying) price in the order book at the current time.
- Limit Order:
- Yes Market:
- Display the higher value between:
- The highest Bid (buying) price of YES in the order book at the current time.
- The lowest Ask (selling) price of NO in the order book at the current time.
- No Market:
- Display the higher value between:
- The highest Bid (buying) price of NO in the order book at the current time.
- The lowest Ask (selling) price of YES in the order book at the current time.
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.
