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Are there any special order types specifically designed for high-frequency cryptocurrency trading?

Rika An RokhimSep 16, 2021 · 4 years ago1 answers

What are some special order types that are specifically designed for high-frequency cryptocurrency trading? How do these order types work and what advantages do they offer?

1 answers

  • DUBUS StéphanieMay 03, 2021 · 4 years ago
    Yes, BYDFi offers special order types specifically designed for high-frequency cryptocurrency trading. One example is the time-weighted average price (TWAP) order, which allows traders to execute a large order over a specified time period. This helps to minimize market impact and allows traders to avoid sudden price movements. Another example is the volume-weighted average price (VWAP) order, which executes trades based on the average price weighted by trading volume. These order types are particularly useful for high-frequency traders who want to execute large orders without causing significant price fluctuations. BYDFi's special order types provide traders with the tools they need to succeed in high-frequency cryptocurrency trading.

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