We only support three types of advanced orders currently: Hidden, Post Only, and Reduce Only. Users may set the advanced types of orders on the Place Order interface and please note that the advanced functions only work for limit orders and stop-limit orders.
Hidden: A hidden order is normally a large single order that has been divided into smaller limit orders, for the purpose of hiding the actual order quantity.
The range for hidden quantity: 1/20 of the total order quantity ≤ Qty ≤ total order quantity
Please click “Trade”, input the quantity/amount and price, click "Advanced" "Hidden" and please note that the iceberg order and hidden order will be charged taker fees on KuMEX.
Post Only: When post-only is selected, the order will not execute immediately against the market, and thus a maker fee is ensured. If it crosses the market, it will be canceled instead.
Please click “Trade”, input the quantity/amount and price, click "Advanced" "Post Only".
Reduce Only: A Reduce-Only order will only reduce your position (does not require margin to be frozen). If the order would increase your position, it is amended down or canceled automatically.
Please click “Trade”, input the quantity/amount and price, click "Advanced" "Reduce Only".
1. Please do not click "Reduce Only" when placing an order, or the order will be canceled automatically.
2. After choosing "Hidden" or "Post Only", users can choose "Reduce Only" in the meantime to be able to reduce the position and not to freeze extra margin.
What's Time in Force?
The Time In Force of the order. The order is set as GTC by default:
GTC(Good Till Cancel): The order will remain effective until it is canceled or fully filled.
IOC(Immediate Or Cancel): The order will be fully or partially executed immediately at a limit or better price and any unfilled parts of the order will be canceled.