MultiversX Tracker is Live!

VIP Front running of the "conditional order" book. Can Binance address this please... it's illegal?

Binance

Cryptocoins Exchanges / Binance 87 Views

Hi,

As an alternative of "conditional orders": I am going to call them "cease orders".

Since Binance moved stops order to a separate ebook (end of 2025), so that they're not sequenced and queued as a part of the central restrict order e-book "CLOB", our cease derived taker slippage has spiraled uncontrolled.

That is what appears to be occurring now:

As soon as triggered, Binance feeds the aggressor elements of the stop orders (market/limit) into the CLOB. They apply a throttle to this course of.

Clients with whitelisted entry to the VIP routing and knowledge feeds are capable of detect these throttled cease cascade occasions and do the following:

-Pull their maker liquidity.
-Front run the cascade with market/limit orders (these hit the CLOB without being sure by the identical throttled procedure as the triggered stop cascade).

There's a cause that this isn't allowed on tradfi exchanges such because the CME.

Binance, please handle this... else I'll attain out to regulators.

submitted by /u/Billevansjam
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments