Post
Topic
Board Project Development
Re: ICBIT Derivatives Market (USD/BTC futures trading) - LIVE
by
bV
on 30/03/2013, 21:27:19 UTC
bV, you bought two weeks contract above 100 and the spot price fall to 75 - what other than forced closing of such positions you expected? Huh

Force closing only occurs if you do not have funds to cover the losses over dips. The advertised trading range per session is 10%, and I had enough funds to cover any dips in that range. Furthermore, I did not purchase most of those contracts above 100, that is the price they moved to, and your position moves to whatever the price is at each clearing. I had additional funds in my offline wallet, and would gladly have funded the account further to prevent closing of positions, but unfortunately the manual clearing was completely unexpected and gave no opportunity to do so.