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How to Execute a Block Trade on Coincall (Taker Guide)

  • Updated

1. Use the RFQ Feature

Step 1: Log in to Coincall

  • Visit https://www.coincall.com and log in to your account.
  • Tip: We strongly recommend using PM Mode for option transactions.

Step 2: Enable PM Mode

  • Go to "Wallet" in the top menu.
  • Click Account Mode > Switch Account Mode to enable PM Mode.

 

Step 3: Access the Block Trade Page

 

Step 4: Submit RFQ (Request for Quote)

  • Ensure the notional value of your RFQ is ≥ 50,000 USD. If below, we suggest using the screen order book instead.
  • Click + Add Legs to configure your order.
  • Fill in the required details and confirm:
    • IM/MM Information (Initial/ Maintenance Margin)
    • Estimated Costs for the RFQ
  • Click Send RFQ to submit it to the RFQ Board.
  • Note: Inform your account manager on Telegram about your RFQ and confirm the taker fee.

 

Step 5: Manage Your RFQ

  • Open the RFQ Board to view your RFQ orders.
  • Click Inquiry to check order details or Cancel if needed.

Step 6: Fill Your Order

  • In the Quote area, select a quote and click Take to complete the trade.

Step 7: Review Your Position

  • Once filled, you can review your position in your account portfolio.

 

2. Direct Block Trade Execution

Step 1: Verify RFQ Notional Value

  • Ensure the RFQ notional value is ≥ 50,000 USD. Otherwise, please use the screen order book.

Step 2: Use Block Trade String Code

  • Click Accept on the block trade page.
  • Paste the provided string code in the code area and review the quote details:
    • Side, price, and amount
    • IM/MM Information
    • Estimated costs

Step 3: Execute the Block Trade

  • Click Execute Block Trade to confirm the match.

Step 4: Confirm or Cancel the Trade

  • Choose Confirm to finalize the order or Cancel 

Step 5: Review Your Position

  • Check the positions you filled in the account portfolio.

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