Where is the commission order function of OYi Contract?

Commission orders allow traders to leverage third-party expertise by placing orders through exchanges or brokers, paying a fee for execution.

Jan 25, 2025 at 09:37 pm

Key Points

• Understanding Commission Order Function
• Identifying the Commission Order Interface
• Placing a Commission Order
• Managing Commission Orders
• Monitoring Commission Order Status
• Cancelling a Commission Order

Understanding Commission Order Function

• A commission order is a type of order where a trader places an order with a third party, typically an exchange or broker, and pays a commission fee in exchange for the execution of the order.
• OYi Contract offers a commission order function that allows traders to place orders with third parties and pay a commission fee.
• Commission orders can be beneficial for traders who do not have access to a particular exchange or asset, or who want to benefit from the expertise of a third party.

Identifying the Commission Order Interface

• Navigate to the OYi Contract trading platform.
• Locate the "Order" panel on the right side of the screen.
• Select the "Commission" tab at the top of the Order panel.

Placing a Commission Order

• Enter the asset you wish to trade in the "Symbol" field.
• Select the order type (e.g., limit, market, stop) from the "Type" drop-down menu.
• Specify the order quantity and price in the respective fields.
• Set the commission rate and fee in the designated fields.
• Choose the third party you wish to place the order with from the "Broker" drop-down menu.
• Review the order details and click the "Place Order" button.

Managing Commission Orders

• OYi Contract provides a "My Orders" section where traders can view and manage their open and closed orders.
• To view commission orders, navigate to the "My Orders" section and select the "Commission" tab.
• Traders can monitor the status of their commission orders, modify them, or cancel them as needed.

Monitoring Commission Order Status

• The "My Orders" section displays the status of all commission orders in real-time.

• Traders can view the following information:

  • Order ID
  • Symbol
  • Order type
  • Order quantity
  • Order price
  • Commission rate
  • Commission fee
  • Order status (e.g., open, filled, cancelled)

Cancelling a Commission Order

• If a commission order needs to be cancelled, traders can follow these steps:
• Navigate to the "My Orders" section and select the "Commission" tab.
• Find the commission order to be cancelled and click the "Cancel" button.
• Confirm the cancellation request.