(Updated: To enhance trading experience and optimize benefits for the user community, Nami decides to temporarily postpone the update of the matching mechanism on NAO Futures.

We will continue to enhance the NAO Futures system to ensure greater alignment and efficiency for the community. The timeline for resuming the order matching mechanism update will be communicated to users as soon as it becomes available through this announcement).

Dear Nami Community,

From 2025-04-11 07:00 (UTC), Nami Exchange updates the order matching mechanism on NAO Futures. Through this article, users will gain a deeper understanding of the new order matching mechanism, allowing users to adjust their trading strategies accordingly, enhance their risk management capabilities, and effectively capitalize on investment opportunities.

1.Limit Order

A Limit Order is an order to buy or sell at a specified price-lower (for buy orders) or higher (for sell orders) than the current market price. The order will only be executed when the market price reaches or exceeds the limit price.

Example: Users place a buy order with the limit order, and place a limit price of $1,500. Assume the current market price is $2,400. It will only be filled when the market price falls to 1,500 or lower. In case users’ limit price is higher than or equal to the current market price, the order will be filled immediately at the current market price of around $2,400.

2.Market Order

A Market Order is an order to buy or sell that is executed immediately at the current market price. A buy order is filled at the lowest available ask price, while a sell order is filled at the highest available bid price on the order book.

When users are about to open a Market order, the price displayed at the Buy/Sell button is the expected price for opening the position. However, after confirming the position, the actual price at the time of opening the position may change due to market volatility, either higher or lower than the initial expected price.

Example: The user opens a long position with a market order. The price displayed at the Buy button is $2,400. However, when the user confirms the position and the order is executed, due to market volatility, the actual price at which the position is opened is $2,405.

3.Stop Market Order

A Stop Market order is triggered by a market order to buy or sell as soon as the price reaches the Stop Price, and the order is filled at the best available price at the time the order is activated:

• Buy Stop Market Order: Triggered when market price reaches the Stop Price and immediately filled at the lowest available ask price.

Example: The user places a long position with a Stop Market order, setting the Stop Price at $2,450. The current market price is $2,400. When the market price rises and reaches $2,450, the order will be triggered and executed as a market order. The order will be filled at the best available price, which could be higher than $2,450 due to market volatility. In case the market price at that moment is $2,455, the order will be filled at $2,455.

• Sell Stop Market Order: Triggered when market price reaches the Stop Price and immediately filled at the highest available bid price.

Example: The user opens a Sell position with a Stop Market order, setting the Stop Price at $2,350. The current market price is $2,400. When the market price drops to $2,350, the order will be triggered and converted into a market order. The order will be executed at the best available price, which may be lower than $2,350 due to market fluctuations. Assuming the market price at that moment is $2,345, the order will be filled at $2,345.

4.Update on SL-TP settings

When users set a Stop-Loss (SL) or Take-Profit (TP) level for their current position, the SL-TP will be triggered when the market price reaches the set level. At that point, the position will be closed with a Market order, and the closing price will be the prevailing market price at that time.

Example: Assume market price is at $2,400, the user is holding a long position with a SL set at $2,350. If the price reaches $2,350, the Stop-Loss Market order is triggered and becomes a market sell order to cut the loss. If the market price at that moment is $2,345, the order will be filled at $2,345.

Important notice: The price at which the order is filled will depend on the buy/sell market price at the time of execution, so price differences may occur.

Users can view the tooltips for the mechanics of orders on NAO Futures at the NAO Futures screen, following the guide below:

On the Nami Exchange application

On the Nami Exchange website

Note: Images are for illustrative purposes only and may not be the latest version of the product.

Best Regards,

Further information:

• Fee Schedule
• Futures Trading Rules
• Funding History
• General Instructions
• Tutorials Clips

Note: Nami reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.

Risk Warning: Futures trading carries substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movements. The information here should not be regarded as financial or investment advice from Nami. All trading strategies are used at your discretion and your own risk. Nami will not be liable to you for any loss that might arise from your use of Futures.

About Nami Exchange

Nami Exchange is a trading platform belonging to the Nami Foundation ecosystem that enables dynamic trading and effective investing through its Spot and Futures trading systems, which offer a wide selection of nearly 700 trading pairs, support leverage up to x125, and 24/7 live support in Vietnamese & English.

Website: https://nami.exchange/

Download Nami Exchange app here.

Nami’s community:

• Telegram Nami Global Community: https://t.me/NamiGlobalGroup
• Twitter: https://twitter.com/NamiExchange
• Facebook Global Community: https://www.facebook.com/groups/namiglobal