Important Notice: Upcoming Changes to Futures Risk Limits and Contract Names

Upcoming Changes to Futures Risk Limits and Contract Names

Important Notice: Upcoming Changes to Futures Risk Limits and Contract Names

BTSE will roll out several extensive updates before the end of 2022, including adjusting how the risk limit is calculated for futures positions and renaming futures contracts on the platform.

Futures Risk Limit Level

The risk limit level for trading futures on BTSE is calculated with four factors: order size, initial margin, maintenance margin, and leverage. The risk level will determine if your order can be placed and the liquidation price. After the update, BTSE will employ a risk limit slider whose increments and associated margin requirements will vary depending on each market. The larger the position, the higher the required maintenance margin and initial margin percentages. Each contract will have its own maintenance margin, which changes along with the risk limit level.

Contract Name Changes 

Perpetual Contracts

BTSE will change the current perpetual contract name CRYPTOPFC to CRYPTO-PERP. For example, the current BTCPFC will become BTC-PERP after the update.

Time-based Contracts

BTSE will change the current time-based contract name CRYPTOMY to CRYPTO-YYMMDD. For example, the current BTCU22 will become BTC-220930 after the update.

The full name of the time-based contract follows the following rule – from CRYPTO MM DD to CRYPTO DD MM YY. For example, the full name for BTC-220930 should be Bitcoin 30 Sep 2022.

Note:

  • Futures trading will be temporarily affected during the system update. Users will not be able to place new orders, edit existing orders, or adjust their current risk limit levels. We apologize for this inconvenience in advance.
  • To ensure that trading strategies are not affected, we advise all API users to refer to the latest version of our API doc (Version 2.5.0) before the risk limit adjustment occurs. 
  • Our API is backward-compatible, ensuring that the update will not affect existing API users. However, we strongly recommend that API users trade with the new futures contract names.  
  • If you’re a BTSE app user, please update your app to the latest version.

Stay tuned for further information, and we thank you for your continued support.

 


Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at feedback@btse.com or on Twitter @BTSEcom.

Note: BTSE Blog contents are intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.

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