Trading mode is a matchmaking trading model. Both the buyer and the seller entrust order in the trading market, and determine the transaction price of both parties according to the principle of price priority and time priority and facilitate the transaction.
The matchmaking system selects random moments every minute, makes a deep snapshot of all trading pairs on the platform, and calculates the liquidity index of each snapshot. Taking the median of the liquidity index of all snapshots for all transactions for the entire day as the liquidity index for that trading pair on that day.
The higher liquidity index, the better liquidity of depth of current trading pair.
- Price Priority
Higher buy application is better than lower buy application, lower sell application is better than higher sells.
If A buys at a unit price of 100 yuan, B buys a unit price of 80 yuan, it first facilitates A’s transaction.
If A sells at a unit price of 100 yuan, B sells a unit price of 80 yuan, it first facilitates B’s transaction.
- Time Priority
With the same price applications, the priority is determined according to application time. It means who first finish transaction by first submitting a trading application.
If A submits a sell application at 9:00, B submits a sell application at 9:10, and the system will give priority to A's transaction.