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June 24, 2020, 02:06:42 AM |
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According to FTX
market price is median of last, best bid, best offer.
So I wonder if there is a difference in using this and the last price as the stop trigger.
I think as the price is dropping in this definition the last price is always the market price. If the price stops dropping and someone put a bid above the last price, the market price becomes best bid, which is different from the last price.
However, stops are triggered when price is moving in one direction so I think there is effective no difference using the last price or the "market price" as trigger.
Is there anything wrong with my logic?
What do you guys think?
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