Minimum Order Size and Precision Update for CLOB Trading
Release Information
- Release date: Tuesday, April 11th, 2023
- Release type: Informational – No action or changes necessary from platforms.
Summary
Zero Hash has updated their minimum order settings on the CLOB to $1.00. Prior to this release, the minimum order size was $0.01. The quantity and price precisions (tick size) have not changed.
| Symbol | Type | Quantity Precision | Tick Size | Min Order Size |
|---|---|---|---|---|
| BTC/USD | Base | 8 | 0.01 | $1.00 |
| ETH/USD | Base | 8 | 0.01 | $1.00 |
| LTC/USD | Base | 8 | 0.01 | $1.00 |
| BCH/USD | Base | 8 | 0.01 | $1.00 |
If an order is placed now with a notional value below $1.00, an Execution Report (35=8) will be sent with FIX tag 150=8 and the rejection reason in field 58. E.g. 58=Low total notional size limit is 1, given 0.50.
If an order is placed with more than the number of supported decimals, a FIX rejection message (35=3) will be returned with the rejection reason in field 58. E.g.58=Value is incorrect (out of range)for this tag 371=38 or 58=Value is incorrect (out of range)for this tag 371=44.
Endpoints Impacted
On the FIX API, the following endpoints are impacted, the change being available in both Cert and Production environments:
- New Order - Single (D)
- Order Cancel Request (F)
- Order Cancel/Replace Request (G)
Relevant Documentation
Additional CLOB information available here.