Auto-renew - automatically renew lending orders as they expire
Ask - a sell order
Balance - amount of currency held in an account
Base Price - the breakeven value of your position
Bid - a buy order
Borrower - user acquiring financing to open a position; funding taker
Central Limit Order Book (CLOB) - centralized database of limit orders
Claim - immediately settle a leveraged position by buying the position
Close - selling out of a long position or buying out of a short position
Collateral - borrower’s assets used to secure financing
Confirmation - equivalent to 1 new block discovered and validated by the network
Context - description of an order’s nature as either “exchange” or “margin”
Count - the number of orders at a specific level
Counterparty - the trader/s or lender/s matched with your order
Cryptocurrency - digital currency that is cryptographically secured
Effective Period - the duration until borrowed funding expires
Effective Rate - the interest rate being paid for borrowed funding
Equity - net assets of an account; can also refer to Trdaexic shareholdings
Exchange - trading without leverage (Order Form); can also refer to the Trdaexic platform
Exchange Wallet - the wallet-specific to trading without the use of leverage
Execute - to complete an action
Expiration - the time until borrowed funding is returned
Fee - amount charged to provide a service (trade, bank wire, etc.)
Fiat - a national currency such as USD, JPY, CHF, CNY, CAD, AUD, EUR, and etc.
Flash Return Rate (FRR) - a moving average rate weighted by market variables
FRR Delta - a dynamic rate that is a specified offset from the Flash Return Rate
Funding - a funding provider lends currency; a funding taker reserves/receives it
Funding Cost - amount owed to lenders for a position or total of all positions
Funding Provider - the funding lender from the peer-to-peer financing market
Funding Taker - the receiver of a funding offer; a borrower
Funding Type - financed position on either a “daily” or “term” basis
Funding Wallet - the wallet specific to providing funding offers/financing
Gross Tradable Balance - the amount of tradable balance in BTCUSD calculated from the value of your margin wallet funds and the available leverage on BTCUSD
Gross Trading Balance - the USD equivalent value of your margin wallet balances
Hidden - a bid, ask, or funding offer that is not visible on the order book
High - the highest price traded for a specified currency within 24 hours
Leverage - amount of borrowed funding to finance a trade position
Liquidation - forcefully closing a position that cannot maintain required margin amount
Liquidity - size and amount of orders in the order book
Liquidity Taker - trader removing liquidity from the order book, or a funding borrower
Low - the lowest price traded for a specified currency within 24 hours
Maintenance Margin - required net asset value as a percentage of borrowed funds
Maker/Taker - adding or removing liquidity from the order book, respectively
Margin - trade with leverage (Order Form); also known as collateral
Margin Available - the total amount of funding offers and range of rates offered
Margin Buy - using leverage to long (buy)
Margin Call - notification that your position is in danger of liquidation
Margin Reserved - the amount of funding borrowed for margin trading
Margin Sell - using leverage to short (sell)
Margin Wallet - the wallet specific to trading with leverage/financing
Market - all traders that execute orders of any type
Market Price - value of the most recently executed order
Matched - two parties (buyer/seller or borrower/lender) coupled to execute an offer
Maximum Margin Rate - the highest interest rate a trader is willing to accept for funding
Net Trading Balance - the sum of Gross Trading Balance + Unrealized P/L + Unrealized Funding Cost
Offer - orders in the order book or funding book
Order - a bid (buy order) or an ask (sell order) and its type: market, limit, stop, etc.
Order Book - database of available bids and asks
Over The Counter (OTC) - access to large liquidity outside of the public order book
Pair - a currency against another currency; e.g., BTCINR or LTC/BTC
Per - duration of margin funding, typically expressed in days
Peer-to-Peer - from one user to another; person to person
Period - the duration a borrowed funding offer has until it expires and is returned
Platform - the Tradexic exchange upon which trading and funding occurs
Position - the trade amount longed (bought) or shorted (sold) via the order book
Precision - number of significant figures
Profit/Loss (P/L) - the profit or loss of open margin positions relative to the market price
Provided - amount of funding given to a borrower for a specific rate and duration
Rate - interest charged to the borrower of funding
Required Equity - the amount of equity needed to keep a margin position open
Reserve - a funding taker secures a funding offer from a funding provider
Spread - difference between the ask and bid nearest the market price
Taken: Unused - borrowed funding available to open a position
Taken: Used - borrowed funding bound to an open position
Throttled - update frequency of the order book (default is 5 seconds)
Ticker Price - price of the most recently executed trade; also known as Market Price
Total - the cumulative amount at a specific price (trading) or rate (funding)
Transfer - to move funds in or out of Tradexic, or between wallets
Trigger - target at which an action will execute
Type - order type (market, limit, stop, etc.)
Unrealized P/L - the profit or loss of an open position if it were closed at market price
Unrealized funding cost - total unrealized funding cost for all open margin positions
Verified - user who submitted satisfactory compliance documentation
Volume - the total quantity or value of trades (buys and sells) within a timeframe
Wallet - storage location for a specific type of currency