Malta. 3rd August 2019 – OKEx, a digital asset exchange, has launched Futures & Perpetual Swap Market Data, a first-of-its-kind Big Data platform in the industry offering accurate, unbiased trading data for customers to understand the derivatives market. This new feature exclusively allows OKEx users to access the real-time data of OKEx’s futures and perpetual swap markets of nine mainstream tokens including BTC, LTC, ETH, ETC, XRP, EOS, BCH, BSV and TRX.
Futures & Perpetual Swap Market Data features six indicators to help OKEx customers get a grasp of market trends, including long/short positions ratio, basis, open interest and trading volume, buy/sell taker volume, Top Trader Sentiment Index, and top trader average margin used. Along with the general market data already available, this new Big Data platform will provide additional insights that help customers better identify market trends and develop their own trading strategies. “Derivatives trading requires a steeper learning curve, as it involves the use of margin and leverage. Once we realised that there isn’t really much data available in the market to help users analyse market trends, we decided to build a tool that can benefit our users. That’s why we launched this Big Data platform, and we are proud to say that we are the first in the industry to provide this kind of data. As a leader, we are committed to bringing the best user experience and building a healthy trading environment for all,” says Andy Cheung, Head of Operations of OKEx. Futures & Perpetual Swap Market Data Indicators: Long/short positions ratio What does it mean? |
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Basis This indicator shows the contract/swap price, spot index price and also the basis difference. Basis of a particular time = contract/swap price – spot index price.What does it mean? |
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Open interest and trading volume Open interest is the total number of outstanding contracts/swaps. While trading volume is the total trading volume of futures contracts and perpetual swap over a specific period of time.What does it mean? |
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Buy/sell taker volume Buy taker volume: the active buying volume (taker) over a specific period of time, indicating the inflow. Sell taker volume: the active selling volume (taker) over a specific period of time, indicating the outflow.What does it mean? |
Top trader sentiment index This indicator shows the percentages of long vs short positions held by the top traders. One active account is entitled to one vote, regardless of its position size. (only the accounts that are holding positions are counted as active.) If the account is holding hedging positions, then its vote depends on its net position.What does it mean? |
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Top trader average margin used This indicator reflects how the top 100 traders use their deposited capital. Unlike TTSI, TTAMU doesn’t count votes. Instead, it is calculated from the average percentage of initial margin used by the top traders.What does it mean? |
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