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Stellar US Dollar Spot

TermValue
Product NameStellar US Dollar Spot
Product CodeXLMUSD
Contract Size0.00000001 XLM (Stellar)
Price QuotationUS Dollars per XLM
Tick Size$0.000001 per XLM
Tick Value$0.00000000000001 per contract
Price Band Variation+/- 5% of the BBO midpoint
Price Limit+/- 50% from previous session price
Position LimitLong 260,000,000,000,000 contracts (2600000 XLM) / Short 260,000,000,000,000 contracts (2600000 XLM)
Reportable Position Level130,000,000,000,000 contracts (1300000 XLM)
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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