Since the stop-profit and stop-loss of the BKEX perpetual contract currently uses the platform’s “latest transaction price” as the trigger price, there may be a large price difference when the stop-profit and stop-loss are triggered.
Therefore, the platform decided to change the trigger price of stop profit and stop loss to “marked price” at 23:00 on August 8, 2021 (UTC+8).
This change will better solve the above problems.
BKEX expects that in two weeks, the BKEX platform will support both the marked price and the latest price as the trigger price of stop profit and stop loss, which users can set by themselves.
Marked price description: The marked price is the estimated fair value of the contract and is different from the “final price” of the contract.
Marked prices are used to prevent injustice and liquidation caused by changes in market fluctuations.
In addition, it helps prevent price manipulation.
Please check BKEX official website or contact the customer support with regard to the latest information and more accurate details.
BKEX official website is here.
Please click "Introduction of BKEX", if you want to know the details and the company information of BKEX.
(Forex Broker)
Comment by Hans
April 24, 2024
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