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Liquidity provider changed contract size for some cryptocurrency pairs

May 26, 2022

Dear client,

We hereby inform you that our liquidity provider has increased ten times the contract size for the following cryptocurrency assets:

  • BCHUSD;
  • EOSUSD;
  • VETUSD;
  • AVXUSD;
  • ZECUSD;
  • OMGUSD;
  • XLMUSD;
  • XTZUSD;
  • TRXUSD;
  • ITAUSD;
  • ADAUSD;
  • ALGUSD;
  • ALIUSD;
  • ILVUSD;
  • QTMUSD;
  • REFUSD;
  • TLMUSD.

Consequently, the LiteFinance company is obliged to comply with that change and increase the contract size 10 times for new and current positions.

The volumes of open trades and current pending orders will be adjusted, i.e., reduced ten times, to balance market positions.

The adjustment will take place on 04.06.2022 at 12 PM (according to the LiteFinance terminal time GMT+3). The instruments mentioned above are in the "close only" mode from now and until the adjustment.

Please note that the volume of open trades in the instruments mentioned above will be lowered ten times at the moment of adjustment. Also, all open trades of less than 0.1 lot will be closed compulsorily at a market price.

Also, note that lot volumes will be rounded following standard rounding rules. For example, 0.15 lots will be rounded to 0.2 and then adjusted to 0.02. The volume of 0.14 lots will be adjusted to 0.01.

Please take account of these changes when trading cryptocurrencies before 04.06.2022. Also, note that your trading advisors should be adjusted, too.

Best regards,

LiteFinance

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