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Main => General Discussion => Topic started by: alt on January 11, 2015, 02:17:37 am

Title: can we set the cover order's expire date to a random date?
Post by: alt on January 11, 2015, 02:17:37 am: the expire date for cover order is too close, it's not good for peg.
if we can dispersed it at a date between 30days to 60 days, I think it's more better
Title: can we set the cover order's expire date to a random date?
Post by: xiahui135 on January 11, 2015, 02:33:34 am: It sounds good. If the expire date is unexpectable, it will be harder to gamble for those owning large scale bts. This help peg.
Title: Re: can we set the cover order's expire date to a random date?
Post by: abit on January 11, 2015, 02:40:35 am: Quote from: alt on January 11, 2015, 02:17:37 am
the expire date for cover order is too close, it's not good for peg.
if we can dispersed it at a date between 30days to 60 days, I think it's more better
How about a self-defined date in a limited range?

I don't like this kind of random values.
I want to know the expire date before I place the order, not afterwards.
Title: Re: can we set the cover order's expire date to a random date?
Post by: 天籁 on January 11, 2015, 03:00:18 am: I prefer the following：

1 month expire date with 3%+ annual interest rate
3 month expire date with 6%+ annual interest rate
6 month expire date with 10%+ annual interest rate
Title: Re: can we set the cover order's expire date to a random date?
Post by: toast on January 11, 2015, 04:02:53 am: It'll smooth out with higher volume. Incentive to maintain the peg doesn't change.

Definitely no interest rate fixing...

Sent from my SCH-I535 using Tapatalk
Title: Re: can we set the cover order's expire date to a random date?
Post by: xiahui135 on January 11, 2015, 08:56:55 am: I wonder this topic BM will read or not.
Title: Re: can we set the cover order's expire date to a random date?
Post by: bytemaster on January 11, 2015, 03:25:14 pm: This will occur naturally.
Title: Re: can we set the cover order's expire date to a random date?
Post by: biophil on January 11, 2015, 03:26:55 pm: Quote from: toast on January 11, 2015, 04:02:53 am
It'll smooth out with higher volume. Incentive to maintain the peg doesn't change.

Definitely no interest rate fixing...

Sent from my SCH-I535 using Tapatalk

It wouldn't be rate fixing if people could pay for longer expiry. No rate premium for 30 day expiry; 2x premium for 60 day expiry, 3x for 90 days, etc.

Sent from my SCH-S720C using Tapatalk 2
Title: Re: can we set the cover order's expire date to a random date?
Post by: Troglodactyl on January 11, 2015, 07:54:49 pm: Seems like unnecessary complexity and uncertainty.
Title: Re: can we set the cover order's expire date to a random date?
Post by: islandking on January 11, 2015, 07:56:04 pm: This seems unnecessary. It works fine the way it is.
Title: Re: can we set the cover order's expire date to a random date?
Post by: Ander on January 11, 2015, 08:45:55 pm: If shorts were forced to cover at random and unpredictable times, it would make shorting much less desirable and hurt adoption greatly. If you take out one side of the market, there is no market anymore.
Title: Re: can we set the cover order's expire date to a random date?
Post by: abit on January 12, 2015, 03:13:37 am: Quote from: Ander on January 11, 2015, 08:45:55 pm
If shorts were forced to cover at random and unpredictable times, it would make shorting much less desirable and hurt adoption greatly. If you take out one side of the market, there is no market anymore.
Agree.
Title: Re: can we set the cover order's expire date to a random date?
Post by: xiahui135 on January 12, 2015, 06:07:48 am: longer time needs more interest. This seems better.
Title: Re: can we set the cover order's expire date to a random date?
Post by: joele on January 12, 2015, 08:56:26 am: Quote from: biophil on January 11, 2015, 03:26:55 pm
... No rate premium for 30 day expiry; 2x premium for 60 day expiry, 3x for 90 days, etc.

+5%
An option to extend the expiry date and pay the extension fee.