OKX to change options tick size
Published on Aug 24, 2023Updated on Apr 4, 20242 min read
To further improve market liquidity and price discovery, OKX will reduce the tick size of lower-priced options at 8:00 am UTC on August 31, 2023. The options tick size of the RFQ platform will remain as 0.0001 Bitcoin (BTC) or Ethereum (ETH).
This change will apply to new orders, but will not impact existing orders or positions.
Summary of changes:
| Price level | Previous tick size | New tick size |
|---|---|---|
| ≤ 0.0050 BTC or ETH | 0.0005 BTC or ETH | 0.0001 BTC or ETH |
| > 0.0050 BTC or ETH | 0.0005 BTC or ETH | 0.0005 BTC or ETH |
The tick band is also available via APIs.
OKX team
August 24, 2023