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What are the steps involved in order processing and remargining in the BitMEX engine?

avatarAbhijit SutarDec 15, 2021 · 3 years ago3 answers

Can you explain the process of order processing and remargining in the BitMEX engine? What are the steps involved?

What are the steps involved in order processing and remargining in the BitMEX engine?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    Order processing and remargining in the BitMEX engine involves several steps. First, when a user places an order, it is sent to the engine for processing. The engine checks the order against various parameters such as available margin, position size, and market conditions. If the order meets all the criteria, it is executed and the user's position is updated accordingly. If the order cannot be executed immediately, it is placed in the order book and will be executed when the market conditions allow. Remargining occurs when the user's position is updated due to executed orders or changes in market conditions. The engine recalculates the user's margin requirements and adjusts the margin accordingly. This ensures that the user has sufficient margin to cover their positions and reduces the risk of liquidation.
  • avatarDec 15, 2021 · 3 years ago
    Order processing and remargining in BitMEX can be a complex process, but it can be simplified into a few key steps. First, when a user submits an order, it is received by the BitMEX engine. The engine then checks the order against various parameters, such as available margin, position size, and market conditions. If the order meets all the requirements, it is executed and the user's position is updated. If the order cannot be executed immediately, it is placed in the order book and will be executed when the market conditions allow. Remargining occurs when the user's position is updated, either due to executed orders or changes in market conditions. The engine recalculates the user's margin requirements and adjusts the margin accordingly. This process helps to ensure that users have sufficient margin to cover their positions and reduces the risk of liquidation.
  • avatarDec 15, 2021 · 3 years ago
    In order to understand the steps involved in order processing and remargining in the BitMEX engine, it's important to have a clear understanding of how the engine works. When a user places an order, the engine checks various parameters such as available margin, position size, and market conditions. If the order meets all the criteria, it is executed and the user's position is updated. If the order cannot be executed immediately, it is placed in the order book and will be executed when the market conditions allow. Remargining occurs when the user's position is updated due to executed orders or changes in market conditions. The engine recalculates the user's margin requirements and adjusts the margin accordingly. This ensures that the user has sufficient margin to cover their positions and reduces the risk of liquidation. Overall, the steps involved in order processing and remargining in the BitMEX engine are designed to ensure a fair and efficient trading experience for users.