OKEx will conduct an early settlement of BCH contracts on November 14, 2018. Key details are outlined below:
Key Details
Affected Contracts
- BCH Weekly (1116)
- BCH Bi-Weekly (1123)
- BCH Quarterly (1228)
Timeline
- Trading Halt: November 14, 2018, 16:05 (HKT)
- Settlement Time: November 14, 2018, 17:00 (HKT)
Settlement Price
The last traded price of each contract at 16:05 HKT will serve as the settlement price. If price manipulation is detected, OKEx reserves the right to adjust the price to a fair value.
Execution Steps
- 16:05 HKT: Order matching stops; final traded price is recorded.
- 17:00 HKT: Settlement executed, followed by risk-reserve deductions and profit/loss distribution.
👉 Learn more about contract settlements
FAQ
1. Why is OKEx settling BCH contracts early?
Early settlement mitigates market volatility risks during significant events (e.g., hard forks).
2. Can I trade BCH contracts after the halt?
No. Trading stops at 16:05 HKT, but positions remain settled at 17:00 HKT.
3. How is the settlement price determined?
It’s based on the last traded price at halt time, with anti-manipulation safeguards.
4. Will this affect other cryptocurrencies?
No. Only specified BCH contracts are impacted.
👉 Explore OKEx’s contract offerings
Additional Notes
- Investment Risks: Cryptocurrency trading carries inherent risks; exercise caution.
- Disclaimer: This announcement is informational, not financial advice.
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