Trading Rules

The trading rules provided below include various limitations that apply to TradFi markets listed on the exchange. Users can also access specific trading rules for each market through the 'Trading Rules' tab on the main trading screen.

All TradFi markets on Extended are categorized into groups based on market type and/or liquidity characteristics. Extended applies both market-specific and group-specific trading rules.

Market-Specific Trading Rules

Market-specific trading rules include:

• Minimum Trade Size: Users cannot place orders below the minimum trade size.

• Minimum Change in Trade Size: Users cannot modify orders by an amount lower than minimum change in trade size.

• Minimum Price Change: Prices on the exchange cannot change by an amount below minimum price change.

Group	Market	Min Trade Size	Min Change in Trade Size	Min Price Change
FX	EUR	10 EUR	1 EUR	$0.00001
FX	USDJPY	0.1 USDJPY	0.01 USDJPY	$0.001
Indices / ETFs	SPX	0.01 SPX	0.001 SPX	$0.1
Indices / ETFs	NDX	0.001 NDX	0.0001 NDX	$1
Indices / ETFs	EWY	0.1 EWY	0.01 EWY	$0.001
Precious Metals	XAU	0.01 XAU	0.001 XAU	$0.1
Precious Metals	XAG	1 XAG	0.1 XAG	$0.001
Precious Metals	XPT	0.01 XPT	0.001 XPT	$0.1
Industrial Metals	XCU	1 XCU	0.1 XCU	$0.0001
Energy	XBR	0.1 XBR	0.1 XBR	$0.001
Energy	WTI	0.1 WTI	0.01 WTI	$0.001
Energy	NATGAS	10 NATGAS	1 NATGAS	$0.0001
Equities	GOOG	0.1 GOOG	0.01 GOOG	$0.01
Equities	NVDA	0.1 NVDA	0.01 NVDA	$0.01
Equities	AMZN	0.1 AMZN	0.01 AMZN	$0.01
Equities	TSLA	0.1 TSLA	0.01 TSLA	$0.01
Equities	AMD	0.1 AMD	0.01 AMD	$0.01
Equities	MSTR	0.1 MSTR	0.01 MSTR	$0.01
Equities	COIN	0.1 COIN	0.01 COIN	$0.01
Equities	HOOD	0.1 HOOD	0.01 HOOD	$0.001
Equities	INTC	0.1 INTC	0.01 INTC	$0.001
Equities	PLTR	0.1 PLTR	0.01 PLTR	$0.01
Equities	AAPL	0.1 AAPL	0.01 AAPL	$0.01
Equities	CRCL	0.1 CRCL	0.01 CRCL	$0.001
Equities	MU	0.01 MU	0.001 MU	$0.01
Equities	MSFT	0.01 MSFT	0.001 MSFT	$0.01
Equities	SNDK	0.01 SNDK	0.001 SNDK	$0.01
Equities	META	0.01 META	0.001 META	$0.01
Equities	BABA	0.1 BABA	0.01 BABA	$0.01
Pre-IPO	SPCX	0.1 SPCX	0.01 SPCX	$0.01

Group-Specific Trading Rules

Group-specific trading rules include:

• Maximum Market Order: Users cannot place a market order that exceeds the specified limit.

• Maximum Limit Order: Users cannot place a limit order that exceeds the specified limit.

• Maximum Position Value: Users cannot have a sum of their position value and the maximum value of either their long or short triggered orders that exceeds the specified Max Position Value.

• Limit Price Cap / Floor: Users cannot place a long limit order with a price greater than Mark Price * (1 + Limit Order Price Cap) or a short limit order with a price lower than Mark Price * (1 - Limit Order Floor Ratio).

• Maximum № of open orders: Users cannot have more than the specified Max Number of Open Orders for a given market.

Group	Markets	Max Market Order	Max Limit Order	Max Position Value	Limit Price Cap / Floor	Max № of Open Orders
FX	EUR	$ 500 k	$ 2,500 k	$ 10,000 k	15%	200
FX	USDJPY	$ 150 k	$ 750 k	$ 2,000 k	15%	200
Indices / ETFs	SPX, NDX, EWY	$ 150 k	$ 750 k	$ 3,000 k for SPX and NDX $ 1,000 k for EWY	15%	200
Precious Metals	XAU	$ 250 k	$ 1,250 k	$ 6,000 k	15%	200
Precious Metals	XAG	$ 150 k	$ 750 k	$ 3,000 k	15%	200
Precious Metals	XPT	$ 50 k	$ 250 k	$ 1,000 k	15%	200
Industrial Metals and Energy	XBR, WTI, NATGAS, XCU	$ 150 k	$ 750 k	$ 1,000 k	15%	200
Equities	All	$ 150 k	$ 750 k	$ 1,000 k	15%	200
Pre-IPO	SPCX	$ 10 k	$ 50 k	$ 100 k	15%	200