![]() ![]() * Note that the actual interval length will not be exactly 5, 10 or 20 as a timing jitter is applied.Īfter your trade is complete, what happens next? This schedule is subject to a minimum of 10 intervals, such that a 10 minute TWAP will have 1 minute intervals. longer intervals) than shorter duration TWAPs. Longer duration TWAPs execute less frequently (i.e. The TWAP interval frequency depends on the specified duration of the order. In eOTC, GTD orders cancel at 23:59:59 UTC on the specified expiration date. GTD - Good till Date (GTD) means that the order will stay open until the specified date or the order is filled or canceled by the user.GTC - Good till Cancel (GTC) means that the order will stay open indefinitely until either the order is filled or canceled by the user.FOK - Fill-or-Kill (FOK) means that the order must fully fill the entire requested quantity immediately or the entire order is canceled.What is the difference between FOK, GTC and GTD?įOK, GTC and GTD are all time-in-force (TIF) attributes which determine how long the order will remain active before it expires and cancels. The following order types are available on eOTC: Click here to see if Gemini is available in your country. Gemini eOTC is currently available in 70 jurisdictions including the US (available in all states excluding New York), UK, Ireland and Singapore. For more information on both of these APIs, please contact us. There is a FIX API available for eOTC trading. Once approved for eOTC trading, eOTC can be accessed via FIX API or by clicking on the eOTC tab within your Gemini account. The minimum trade size is $1,000 notional value per order. ![]() Gemini will serve as the single counterparty for all eOTC trades and settlement. If you are already an institutional client, contact us to get started provisioning your account for eOTC access.ĭo I need to set up accounts with eOTC’s liquidity providers? ![]() If you do not yet have an institutional account with Gemini, you can open one here. APIs are also available for both trading and settlement.Īre there any additional fees or charges to use Gemini eOTC?Ĭurrently, there are no additional fees to trade with eOTC nor to settle with Gemini’s OTC Trading Team. Once a settlement is confirmed and funded by both sides, all assets transfer simultaneously, for fast and secure delivery. Gemini eOTC is integrated with Gemini Settlement, facilitating end of day settlement of all asset obligations resulting from a full day of trading in a single settlement ticket. For capital efficiency, Gemini provides delayed settlement, obviating the need to prefund your trading accounts. Once approved, you can log into, navigate to eOTC and get streaming pricing sourced from Gemini’s top tier liquidity providers, allowing you to place large orders for immediate execution, while incurring minimal transaction costs. Gemini Electronic Over-the-Counter is an automated trading solution available to institutions worldwide, to trade crypto assets. When trading OTC, you may benefit from tighter spreads, deeper liquidity and reduced market impact than when trading on exchange. An OTC liquidity provider, also known as an OTC desk, facilitates OTC trading by providing price quotes and fulfilling orders based on those quotes. Over-the-counter (OTC) refers to the practice of buying and selling cryptocurrencies off-exchange. ![]()
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