Section “Specification”
You can also study the specification of instruments available for trading with leverage on the FREE2EX platform yourself.
To do this, select the required trading pair and hover over it:
The full specification for the selected tool will appear in the pop-up window:
The specification indicates most of the parameters of the contract (characteristics of the underlying asset, settlement mechanism for the collateral, contract pricing mechanism, procedure for execution and settlement of the contract.
Main parameters:
- Description - designation of the instrument on the trading platform;
- ISIN - international instrument identification code, a 12-bit alphanumeric code that uniquely identifies a trading instrument;
- Trade - availability of trading for the pair at the moment, trading is available/unavailable;
- Contract size - the number of units of the traded instrument in one lot;
- Price precision - the minimum possible price change;
- Balance currency precision - the number of decimal places in the balance currency;
- Minimum trade amount - the minimum allowable volume for opening a position;
- Maximum trade amount - the maximum allowable volume for opening a position;
- Trade amount step - the minimum possible change in the size of the contract;
- Slippage control - if the difference in price that may arise between the time of passage of a trade order and its actual execution exceeds the maximum slippage value, then the execution of such an order is rejected;
- Taker Fee - If a trade order is directly matched to an order existing in the order book, which removes liquidity, the order will be charged a taker fee;
- Maker Fee - If a trade order is not directly matched to an order existing in the order book, which adds liquidity, the order will be charged a maker fee;
- Swap type—method of calculating swap for a position;
- Swap size short - accrual or debit of funds for a position opened for sale (Sell), when the transaction is postponed to the next day;
- Swap size long - accrual or debit of funds for a position opened for purchase (Buy), when the transaction is postponed to the next day;
- Triple swap day - the day when SWAP is accrued or written off in triple amount;
- Margin factor - reflects the amount of margin used to the total value of the instrument when opening a position, depends on the size of the leverage;
- Leverage - the amount of leverage depends on the user’s choice, as well as on the selected instrument;
- Margin calculation mode - the method by which margin is calculated for a specific position;
- Trading session status - name and time of the trading session in Eastern European Time (GMT + 2).
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