Order creation
Users can easily create multiple types of trading orders on the
platform. Market orders allow users to execute transactions immediately at the current best market
price, which is suitable for users who pursue fast transactions. For example, if a user wants to buy a
certain amount of Bitcoin quickly, select a market order, and the system will immediately complete the
transaction at the best available selling price in the market. Limit orders give users greater price
control space, and users can set their desired transaction price. When the market price reaches or
exceeds the set price, the order will be triggered for execution. For example, if a user expects to buy
when the price of Ethereum drops to a certain price, he can set a limit order and wait for the
transaction to be completed when the price meets expectations.
The platform has designed a simple and intuitive order input
interface. On the coin-to-coin trading page, users only need to clearly select the trading pair, such as
Bitcoin to Ethereum (BTC/ETH), enter the transaction quantity, select the order type (market order or
limit order), and if it is a limit order, fill in the expected price. After confirming that it is
correct, click the "Submit Order" button to easily complete the order creation. The entire operation
process is clear and even first-time users can quickly get started.
Order processing and matching
GeniZenith uses an advanced order matching engine based on
in-memory computing technology, which can process massive trading orders at high speed. When a user
submits an order, the order information will be quickly transmitted to the order matching engine. The
engine will search for matching reverse orders in the order book according to the principle of price
priority and time priority. For market orders, the system will give priority to matching with the
reverse orders with the best price in the order book to ensure that the transaction can be completed in
the shortest time. For limit orders, if there is no matching order that meets the price conditions in
the current order book, the order will be stored in the queue of the corresponding price level and will
be matched when the price conditions are met.
During the order processing, users can get real-time feedback on
the order status. After the order is submitted, the status will immediately display as "Submitted". When
the order enters the matching process, the status is updated to "Matching". Once the order is
successfully matched and the transaction is completed, the status will change to "Transaction
completed", and the user will receive a notification of the successful transaction, including detailed
information such as the specific price and quantity of the transaction. If the order fails to be
successfully matched within a certain period of time and the user sets the timeout cancellation
function, the order status will change to "Cancelled".
Order Management and Tracking
GeniZenith users can fully manage orders in the personal trading
center. All historical order records can be viewed at any time, including executed orders, unexecuted
orders (pending orders) and canceled orders. For unexecuted orders, users can choose to modify order
prices, quantities and other parameters according to market changes, or cancel the order directly. For
example, if users find that the market price trend is not in line with expectations, they can adjust the
price of the limit order in time to better adapt to market changes.
The platform provides users with order tracking and reminder
services. Users can set order reminders. When the order status changes, such as the order is completed,
the price reaches the set reminder threshold, etc., the platform will promptly notify the user through
in-site messages, SMS or emails. In addition, users can also view detailed tracking information of the
order on the order details page, including the time the order was submitted, the time it entered the
matching queue, the status changes during the matching process, etc., so that users can monitor the
execution of the order throughout the process.
Security and risk control guarantee
GeniZenith's trading order system uses a multi-level security
protection mechanism to ensure the security of order information and user funds. At the data
transmission level, the SSL/TLS encryption protocol is used to prevent order data from being stolen or
tampered with during transmission. In terms of system storage, user order data is encrypted and stored,
and distributed storage technology and multi-node backup are used to prevent data loss. At the same
time, security equipment such as firewalls and intrusion detection systems are used to resist external
network attacks and ensure the stable operation of the system.
GeniZenith system has built-in strict risk control measures. In
the order creation process, the user's available funds and positions will be checked in real time to
prevent the user from being unable to execute orders or generating potential risks due to insufficient
funds or illegal operations. For abnormal order behaviors, such as a large number of frequent orders in
a short period of time, and order prices that deviate seriously from market conditions, the system will
automatically trigger the risk warning mechanism, conduct manual review or restrict transactions, to
ensure the fairness and stability of platform transactions and protect the legitimate rights and
interests of all users.