Difference between revisions of "Linden Lab Official:Open orders"

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#REDIRECT [[Linden Lab Official:Xstreet Currency Exchange]]
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The Open Orders page displays a summary of every unfilled buy and sell order (with a limit) in the Currency Market.
 
{{KBcaution| Keep in mind that the rates you see listed do not include the Xstreet spread, so they do not reflect price quotes.}}
 
* A Buy order says that someone is willing to buy X number of Linden Dollars (L$) at the listed pricing rate. If you were to sell your L$ "at the best price available", you would be selling your L$ at the best rate listed in the Buy column, plus the Xstreet spread. The best rate is the top row of the list for both the Buy and Sell columns.
* A Sell order says that someone is willing to sell X number of L$ at the listed pricing rate. If you were to buy L$ "at the best price available", you would be buying L$ at the best rate listed in the Sell Column.
 
==Pricing Rates==
 
There are two ways to view pricing rates. You can switch between them by clicking the '''Toggle Rate Format''' link on the Market Summary page.
 
* '''USD/SLL''' - The rates listed are the number of L$ for purchase or sale per USD $1.00. This means that the higher the number is, the cheaper each L$ will be. Therefore, a higher rate is better (cheaper) if you're buying L$, and a lower rate is better if you're selling L$ . You want to sell your L$ at the lowest rate possible because you'll get more -- for example, if you sell $L250 for USD $1.00 rather than selling L$275 for USD $1.00.
* '''1000SLL/USD''' - The rates listed are the amount of USD per $1000 SLL for purchase or sale. This format is reversed from the USD/SLL format, so the opposite is true for buying and selling. That is, lower rates are better if you're buying L$, and higher rates are better if you're selling L$.
[[Category:Currency Exchange]]
[[Category:Knowledge Base]]

Latest revision as of 11:31, 22 October 2009

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