Forkast Knowledge Center
Platform Mechanics
Price-Suggesting Rules
3 min
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 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 for sellers 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