Difference between revisions of "Linden Lab Official:Open orders"
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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. | The Open Orders page displays a summary of every unfilled buy and sell order (with a limit) in the Currency Market. | ||
Revision as of 09:59, 12 October 2009
The Open Orders page displays a summary of every unfilled buy and sell order (with a limit) in the Currency Market.
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Important: 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$.