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Price limits are one of the important risk management methods that protect investors and prevent market manipulation. FAMEEX implements the price limit method to maintain risk management to protect the interests of our users.
1. Formula of price limit:
Limit Order = The Last Trade Price * (1-Y%) ≤ Order Price ≤ The Last Trade Price * (1+X%)
Please note: these rules are applicable to opening long/short positions too.