Algorand US Dollar Spot

Term	Value
Product Name	Algorand US Dollar Spot
Product Code	ALGOUSD
Contract Size	0.00000001 ALGO (Algorand)
Price Quotation	US Dollars per ALGO
Tick Size	$0.00001 per ALGO
Tick Value	$0.0000000000001 per contract
Price Band Variation	+/- 10% of the BBO midpoint
Price Limit	+/- 50% from previous session price
Position Limit	Long 360,000,000,000,000 contracts (3600000 ALGO) / Short 170,000,000,000,000 contracts (1700000 ALGO)
Reportable Position Level	85,000,000,000,000 contracts (850000 ALGO)
Market Hours	24 hours per day, 7 days per week, subject to Rule 501
Contract Listing & Termination	Rule 502 & Rule 514
Settlement Method	Deliverable - Rule 813 & Chapter 11; positions below the De Minimis Delivery Threshold are Cash Settled
De Minimis Delivery Threshold	$0.50
Settlement Price	Rule 509 & Chapter 11
Accepted Order Types	Limit, Market, Stop Loss, Stop Loss Limit, Take Profit, Take Profit Limit, Trailing Stop, Trailing Stop Limit, Iceberg

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