Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: Something confusingly messed up about this marketplace.  (Read 267 times)

0 Members and 1 Guest are viewing this topic.

Offline Rafikichi

  • Jr. Member
  • **
  • Posts: 24
    • View Profile
Something confusingly messed up about this marketplace.
« on: April 24, 2015, 06:45:41 AM »

If you have a short order at 250 bts/usd for 1% and the blockchain order history shows an order just went thru at 268 bts/usd while yours still waits... how the hell does this behavior make sense and can someone explain it to me?
« Last Edit: April 24, 2015, 06:48:01 AM by Rafikichi »

Offline svk

Re: Something confusingly messed up about this marketplace.
« Reply #1 on: April 24, 2015, 08:58:16 AM »
"Invisible" cover orders in the old wallet version that happen at feed price + 10% and a bug that doesn't let shorts match cover orders. Fixed in 0.9.0
Worker: dev.bitsharesblocks

Offline svk

Re: Something confusingly messed up about this marketplace.
« Reply #2 on: April 24, 2015, 09:08:09 AM »
Actually I was wrong, it seems to be simply a question of "You get what you ask for".

I assume you're talking about this:

Code: [Select]
Buy 268.601 BTS/USD 9,224.01 BTS 34.341 USD 0.0000 USD Apr 24, 2015 7:05:10 AM
Short 247.000 BTS/USD 34.341 USD 9,224.01 BTS
Buy 268.601 BTS/USD 244.74 BTS 0.911 USD 0.0000 USD Apr 24, 2015 7:05:10 AM
Short 248.000 BTS/USD 0.911 USD 244.74 BTS

As you can see someone placed a buy order well above the lowest ask, and got matched with shorts at 247 and 248 BTS/USD.
Worker: dev.bitsharesblocks

Offline starspirit

  • Hero Member
  • *****
  • Posts: 948
  • Financial markets pro over 20 years
    • View Profile
  • BTS: starspirit
Re: Something confusingly messed up about this marketplace.
« Reply #3 on: April 24, 2015, 09:56:15 AM »
Actually I was wrong, it seems to be simply a question of "You get what you ask for".

I assume you're talking about this:

Code: [Select]
Buy 268.601 BTS/USD 9,224.01 BTS 34.341 USD 0.0000 USD Apr 24, 2015 7:05:10 AM
Short 247.000 BTS/USD 34.341 USD 9,224.01 BTS
Buy 268.601 BTS/USD 244.74 BTS 0.911 USD 0.0000 USD Apr 24, 2015 7:05:10 AM
Short 248.000 BTS/USD 0.911 USD 244.74 BTS

As you can see someone placed a buy order well above the lowest ask, and got matched with shorts at 247 and 248 BTS/USD.
So that buy order just got charged a massive fee of nearly 10%? I thought the system was meant to protect from front-runners, but is it worth the cost?
« Last Edit: April 24, 2015, 10:12:59 AM by starspirit »

Offline Rafikichi

  • Jr. Member
  • **
  • Posts: 24
    • View Profile
Re: Something confusingly messed up about this marketplace.
« Reply #4 on: April 24, 2015, 01:26:14 PM »
Oh there we go.  I knew the slippage goes to fees, but failed to see the matching order.  Thanks.  I figured there was something I was missing.

 

Google+