📃Bid Order

What is Unich Point-Market OTC Bid Order?

While a Trade Order allows buyers or sellers to place orders at their desired price and volume, which are then posted on Unich Point-Market OTC's Order Book, a Bid Order enables buyers or sellers to place an order with their desired price and volume.

The Bid Order will then be matched by the system with available orders on the market that are on the opposite side of the Bid Order.

The system will create a Bid Buy Order and send offers to all available buy orders on the market for the Buyer. The system prioritizes the best price that all buyers are offering.

Notes:

• The party accepting the Bid Offer will prioritize the best match available on the market. Therefore, the order of the party accepting the offer will have its price adjusted.

• Bid Offers will not be sent to Cashout Orders on the Order Book since Cashout Orders do not have price fluctuations.