In order to improve the trading experience and reduce market risks, Huobi Global will adjust the position limits (maximum position amount) of the following products of ETP (Exchange Trade Product) on January 26, 2021.
On this occasion, the restriction method will also be adjusted. Different from the previous fixed limit, the conversion is based on the fixed USDT divided by the ETP’s NAV to carry out the position limit(every 5 minute).
Namely, after the adjustment, the number of purchases (subscriptions) + the number of existing positions> the number of positions limit(USDT)/NAV will not be able to buy (subscription); among them, the parent UID and the sub UID will have separate position limits.
The position limit of LINK*3 is 5000U,
At 8:00 , The NAV of LINK*3 is 10U, and the number of position limit is converted into 5000/10=500;
Bob already holds 300 LINK*3 at this time, so the maximum number of LINK*3 that can be bought at this time is 500-300=200.
At 8:05,The NAV of LINK*3 is 9.5U, then the number of position limit is converted into 5000/9.5=525.3557
Bob already holds 300 LINK*3 at this time, so the maximum number of LINK*3 that can be bought at this time is 525.31-300=225.3157.
How to get the latest position limit:
APP: You can see the position limit and the remaining position limit (number of currencies) on the trading page, and need to be updated to the latest version
API: GET /v2/etp/limit
ETP position limit:
- Trading in ETP comes with high risks due to the price is volatile. Please hold it with caution.
- Huobi Global will dynamically adjust the maximum holding of ETP according to the market risk rate.
Click on the following links to learn more about ETP:
January 26th, 2021