Market Watch
Minimum size is part of the usable price
A displayed quote is not actionable if the minimum order size or tick size blocks the order you planned. Put trading constraints beside price…
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Getting Started
Matched is not the same as settled
An order can be matched before its trade is mined and confirmed. Keep order state, trade state, and final exposure in separate lines of…
Market Watch
A negative-risk market needs an outcome map
In a multi-outcome event, a No position can relate to every other outcome. Map the named outcomes and the conversion path before treating the…
Getting Started
The first fill can change the risk budget
A partial fill is not only a smaller version of the original plan. It can change direction, concentration, and the room left for the…
Market Watch
A market’s evidence window should match its settlement window
A source can be accurate and still be outside the contract's cutoff. Align the observation period, publication time, and rule-defined window before estimating.
Getting Started
An order’s status is part of the evidence
A submitted, partially filled, cancelled, or rejected order tells a different story. Keep order state separate from intended exposure.
Market Watch
A rule change is a new market variable
When wording, sources, or settlement timing changes, update the model from the effective date. Do not mix the old and new contract in one…
Market Watch
A price comparison needs the same fee model
Two quotes can look different after fees, spread, and size are accounted for. Compare net, executable outcomes rather than headline prices.