🤝Trade Markets
How can I participate in trading on Kelly Learn?
Members can participate by placing an order with your preferred price and quantity based on your opinions about an event.
Can I cancel a trade?
No, you can not cancel a trade since the contract has already been created. Contracts can only be sold by creating exit orders and waiting for them to be matched again.
Can I get into a trade loss?
Yes, losses may occur based on exit points or market outcome differences.
Why can't I exit a trade?
You can only exit from matched trades before the time of event expiry.
What is Order Matching?
The matching system on our platform pairs 'Yes' and 'No' orders for a given event. This allows our platform to ensure that the buying and selling prices set for both options are fairly determined. When a Yes contract is paired with a No contract at the same price and quantity, it would be considered a match. The predictions cancel each other out, and a trade is executed.
In various scenarios, your order can exist in the following states:
Open: No quantity matched
Partially Matched: Some quantities matched
Matched: All quantities matched
Canceled: The order was open and then canceled
Exiting: An exit order is submitted from matched quantities and a new match is sought
Partially Exited: An exit order is submitted, and some quantity is matched
Exited: An exit order has been fully matched
How are orders matched?
Kelly Learn uses a matching algorithm that scans the order book for orders with matching predictions and prices.
Let's consider the example of the event 'Will 2023 be the hottest year yet?' with a contract value set at $10 for each unit. Suppose you order on the 'Yes' option for $4 per unit and a quantity of 10. Your order, upon placement, is categorized as 'open.'
Our platform's advanced matching algorithm scans for other open orders related to the same event, specifically on the 'No' side, priced at $6 or higher. It takes 10 units from these 'No' orders and matches them with your 'Yes' order, thereby updating your order status to 'matched.' This illustrates the fundamental process of order matching on our platform.
Can the Event Contract be paused for Trading?
Yes, it is possible that Event Contract can be paused for trading. It may happen due to any unforeseeable reasons which does not limits to:
Market irregularities to prevent or reduce the potential risk of price distortions or market disruptions.
Due to the unavailability of the Underlying upon which the Contract is based.
If required, pursuant to Competent Authority Regulations requests or orders.
What is the Settlement Pending status?
The 'Settlement Pending' status indicates that trading is closed for the event. This occurs before initiating the transfer of funds in accordance with the market outcome of the event. Members can view the market outcome of an event in their respective portfolios.
What is Market Outcome?
The market outcome is the final result of a particular event, essentially indicating which side, either Yes or No, will receive the returns.
Last updated