Why Self-Trading is Prevented
Self-trading — where the same account is on both sides of a trade — can be used to create artificial volume, manipulate price discovery, or execute wash trades that misrepresent market activity. Everstrike prevents it to maintain fair and transparent markets for all participants. This protection also applies to strategies that intentionally trade against their own resting orders, such as scratching techniques.Trading Range
Each trading pair on Everstrike has a Trading Range — a band of prices within which trades are permitted to execute. The Everstrike Risk Management System determines this range internally. In most cases, the range is a fixed percentage around the current Mark Price, updated continuously as the Mark Price moves. Orders placed outside this range are subject to automatic cancellation or receive no fills, regardless of how they were submitted. The Trading Range protects against erroneous orders and extreme price deviations that could destabilize positions.Order Behavior Outside the Trading Range
The Trading Range moves continuously with the Mark Price. An order placed inside the range can subsequently fall outside it if the Mark Price shifts before the order is filled. In that case, the outstanding portion of the order is cancelled at the time it exits the range.