The contract settlement mechanism is that the trading system adopts the cycle debt-free settlement mechanism, and the debt-free settlement is carried out at a fixed time point in each cycle (at 16:00 every day on Deepcoin platform).
At the time of settlement, the trading system will suspend trading (generally within 1 minute). After the settlement, the order and transaction matching will be resumed. Meanwhile, the original order that has not been completed is still valid.
After settlement, the average position price will be adjusted to the latest settlement price. After the transaction is restarted due to unrealized profit and loss, it will be automatically calculated by the real-time clearing module according to the mark price. After the settlement, if the user has a new position, the average price of the position will change.
Statement of Settlement:
Settlement time: HKT 16:00
Settlement price: latest marked price at HKT 16:00
The data after settlement indicates that: the user's actual account equity will not change due to settlement (DC trading platform does not involve forced leveling allocation, so the user's account equity will not change); after settlement, the average position price will be changed to the latest settlement price, which will turn the user's unrealized profit into the available margin of the account, so that the profitable user can withdraw the profit part. The realized profit and loss and unrealized profit and loss of corresponding users will also be changed due to the change of average position price.