Chapters
Chapters

Aave US Dollar Spot

TermValue
Product NameAave US Dollar Spot
Product CodeAAVEUSD
Contract Size0.00000001 AAVE (Aave)
Price QuotationUS Dollars per AAVE
Tick Size$0.01 per AAVE
Tick Value$0.0000000001 per contract
Price Band Variation+/- 10% of the BBO midpoint
Price Limit+/- 50% from previous session price
Position LimitLong 360,000,000,000 contracts (3600 AAVE) / Short 260,000,000,000 contracts (2600 AAVE)
Reportable Position Level130,000,000,000 contracts (1300 AAVE)
Market Hours24 hours per day, 7 days per week, subject to Rule 501
Contract Listing & TerminationRule 502 & Rule 514
Settlement MethodDeliverable - Rule 813 & Chapter 11; positions below the De Minimis Delivery Threshold are Cash Settled
De Minimis Delivery Threshold$0.50
Settlement PriceRule 509 & Chapter 11
Accepted Order TypesLimit, Market, Stop Loss, Stop Loss Limit, Take Profit, Take Profit Limit, Trailing Stop, Trailing Stop Limit, Iceberg

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