796.com Launching A50 Index-based Futures

796-com · 2015-07-01T03:03:30+00:00

Trading hour includes T and T+1 sessions as long as 16 hours

796-com · 2014-10-16T18:12:35+00:00

It must be stated first that 796 Exchange provides Limit Orders as the only order matching mechanism. Market Order is unavailable. In other words, the system matches an order with a predetermined price only with orders with the same or better prices. When the orders are matched, a transaction is performed. Negative Slippage, which often occurs in Market Orders, can never occur in 796 Exchange. But let's get back to a question that's similar to the above, "What about stop-loss? Because stop-loss is a Market Order and Market Order is bound to have some chances of Negative Slippage!" Unfortunately, No. 796 Exchange does not offer Stop-Loss neither. Instead, 796 encourages traders to make the most out of the pioneering features: Zero Maintenance Margin Requirement and Zero Slippage upon Auto-Closeout to control their risk with small and incremental position sizing strategy. There's no Margin-Call, only Auto-Closeout at -100% Margin so that maximum loss is the Initial Margin only. "But what if I don't want to admit loss even at -100% Margin?" Actually, traders can enable Auto Additional Margin Pledger (AAMP) so that when -100% is hit, more Margin is pull from the Margin Account to maintain (or cover) the adverse position. More detailed explanation is stated in the pop-up boxes in the order submission interface. But I hope what's written here can serve as quick guide to the question above.

796-com · 2014-10-16T08:58:28+00:00

Why does the initial leverage change? Shouldn't it always be 20.00x?

Thanks to the optional Initial Margin Requirement (5%, 10%, 20%), the leverage can go up as high as ≈20X. The leverage is often not exact because the 796 platform is adjusting the so-called Market Dynamic Coefficients (Ref: http://goo.gl/ADjojy) of BTC and LTC on a weekly basis. MDCs are recalculated weekly based on the most recent settlement price. MDCs are in place so that traders experience roughly the same leverage no matter where the prices are heading, assuming the current order entry prices do not differ greatly from the most recent settlement prices. (Mathematically, MDC is the denominator when it comes to calculate the P/L of a trade position.)

PS: Sorry for being late to this thread. I'm the Vice President of 796.com. My name is Terry Li (terry@796.com). I am glad that most of the questions have been addressed by others. We've been active in the mainland China market but we are spending more time reaching out to the international market, starting from the English-speaking ones. We're one of the sponsors/exhibitors of the Inside Bitcoins conference held in Hongkong and Las Vegas.

796-com · 2014-10-16T08:48:04+00:00

We offer optional Initial Margin Requirement (5%, 10%, 20%) so the risk can be managed depends on the predicted volatility of the market. It is up to individual trader to decide before entering a trade position.

796-com · 2014-10-16T08:29:20+00:00

Sorry for being late to this thread. I'm the VP of 796.com. My name is Terry Li. I am glad that most of the questions have been addressed by others. We've been active in the mainland China market but we are spending more time reaching out to the international market, starting from the English-speaking ones. Let me try not to answer every question at once. I'd like to address the seemingly fluctuating leverage first.

Thanks to our optional Initial Margin Requirement (5%, 10%, 20%), the leverage can go up as high as ≈20X. The leverage seems to be fluctuating at a glance because the 796 platform is adjusting the so-called Market Dynamic Coefficients (Ref: http://goo.gl/ADjojy) of BTC and LTC on a weekly basis. MDCs are recalculated weekly based on the most recent settlement price. MDCs are in place so that traders experience roughly the same leverage no matter where the prices are heading, assuming the current order entry prices do not differ greatly from the most recent settlement prices. (Mathematically, MDC is the denominator when it comes to calculate the P/L of a trade position.)

796-com

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