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Users can choose the Post-Only option when either open or close a position from now on while trading USDT-Margined Perpetual Futures on FAMEEX. Once users choose the Post-Only option, their limited orders will not be executed immediately. Instead, the orders will be placed on the order book as a maker. If the FAMEEX system detects that the Post-Only orders matched and executed with orders already on the order book, the system will cancel the order and make sure the orders are maker orders only.
Considered as maker orders, Post-Only orders add liquidity to the market and therefore users will be charged lower fees as a maker fee when the placed order is executed.
For large-volume or short-term traders, Post-Only orders allow them to have more control over the trading costs and enjoy lower trading fees.
How to Place a Post-Only Order?
Log on the official website of FAMEEX and click [Futures].
Choose the trading pair and select [Post-Only] in the Place Order section on the right side of the page to open or close a position. Once users place a Post-Only order, the order will be viewed as a maker order. It will be placed on the order book but will not be matched and executed with the orders already on the order book.
Open the FAMEEX App, log in and click [Futures] at the bottom of the page.
Choose the trading pair and select the order type to [Post-Only]. Once users place Post-Only orders to open or close positions, the orders will be viewed as maker orders only. The orders will be placed on the order book but will not be matched or executed immediately with the orders already on the order book.