This is a mirror of the original BitMEX trollbox archive that used to be online here.
BitMEX disabled their archive after the DDOS attack so I have decided to make my mirror publicly available.

Well now, a few days after I made this mirror available to the public, the original archive from BitMEX is online again.
But since it is still limited (neutered to the last few hundred messages) I will keep my FULL mirror alive.

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[2014-11-27 03:03:42] primevalsoup : buy on the exchange
[2014-11-27 03:03:59] primevalsoup : to get a perfectly hedge inventory
[2014-11-27 03:04:09] primevalsoup : but it may be more effecient to use futures for this
[2014-11-27 03:04:21] primevalsoup : yes i would be interested
[2014-11-27 03:04:33] primevalsoup : in market making on your exchange
[2014-11-27 03:04:59] BitMEX_Arthur : ok cool what is your email i can send you the docs, the fees are much cheaper for market makers
[2014-11-27 03:05:10] primevalsoup : ill emial it to you
[2014-11-27 03:05:13] primevalsoup : info@bitmex.com?
[2014-11-27 03:05:22] BitMEX_Arthur : yes
[2014-11-27 03:05:29] primevalsoup : k will shoot it over now
[2014-11-27 03:09:18] BitMEX_Arthur : got it we are finalising the doc today and i will send it over to you
[2014-11-27 03:09:25] BitMEX_Arthur : where are you based?
[2014-11-27 03:30:00] rhk : i just submitted buy orders (twice) they say "submitted" but never appear in orderbook or order list
[2014-11-27 03:30:27] rhk : only appear after I refresh (F5) the whole page
[2014-11-27 03:31:24] BitMEX_Arthur : ok will look into the web socket connection thanks
[2014-11-27 03:33:45] BitMEX_Arthur : what browser are you on?
[2014-11-27 03:33:53] rhk : chrome win7 64-bit
[2014-11-27 03:33:57] BitMEX_Arthur : k
[2014-11-27 03:34:27] rhk : Version 38.0.2125.111 m
[2014-11-27 03:35:00] rhk : also regularly get a page crash for your site if i leave the browser open over night
[2014-11-27 03:35:56] BitMEX_Arthur : will look into that thanks for letting us know
[2014-11-27 04:06:01] primevalsoup : sorry i stepped out for lunch
[2014-11-27 04:06:09] primevalsoup : i divide my time between HK and Tokyo
[2014-11-27 04:10:30] BitMEX_Arthur : i am usually in Hong Kong
[2014-11-27 04:16:40] primevalsoup : where is the bitmex office?
[2014-11-27 04:17:28] BitMEX_Arthur : virtual we don't have a physical office the team is spread out between europe and hong kong
[2014-11-27 04:21:01] primevalsoup : cool
[2014-11-27 04:24:11] BitMEX_Arthur : will you be at the bitcoin conference at cyberport friday and saturday
[2014-11-27 04:32:57] primevalsoup : i wasnt planning on it but may stop by saturday afternoon
[2014-11-27 04:33:13] primevalsoup : i see they allow onsite registration
[2014-11-27 04:34:04] BitMEX_Arthur : a couple members of BitMEX will be there as well
[2014-11-27 04:34:52] primevalsoup : ill track you guys down if i do go
[2014-11-27 04:37:06] BitMEX_Arthur : for settlement you are charged the relevant taker fee
[2014-11-27 04:37:15] BitMEX_Arthur : the docs will be updated shortly to explicitly state this
[2014-11-27 04:44:29] primevalsoup : got it thanks
[2014-11-27 11:16:45] laisee : hi, got a question on margin calculation from the examples posted at https://www.bitmex.com/app/futuresTradingGuide
[2014-11-27 11:21:19] BitMEX_Arthur : Hi yes
[2014-11-27 11:23:17] laisee : when I have a long position and make a sell, still remaining long overall, the example given shows no change to margin. is that correct?
[2014-11-27 11:24:35] BitMEX_Arthur : the changes will be any unrealised pnl will become realised after the sale
[2014-11-27 11:24:41] BitMEX_Arthur : and your maintenance margin will be reduced
[2014-11-27 11:29:36] laisee : so margin s/be represent the net o/s position after the trade
[2014-11-27 11:31:32] BitMEX_Arthur : wallet balance + unrealised pnl is your total account value
[2014-11-27 11:31:41] BitMEX_Arthur : unrealised pnl becomes realised pnl when you close positions
[2014-11-27 11:32:01] BitMEX_Arthur : what you are able to leverage into additional positions is your available margin
[2014-11-27 11:33:09] laisee : k. when I reduce net exposure by selling there is no initial margin calculated and available leverage increases, if I understand correctly.
[2014-11-27 11:33:44] BitMEX_Arthur : so you are right you are not charged initial margin to reduce a position
[2014-11-27 11:33:54] BitMEX_Arthur : your leverage decreases as you close positions
[2014-11-27 11:34:15] laisee : sure, got it.
[2014-11-27 11:42:49] laisee : thx
[2014-11-28 02:06:43] joequant : hi all. At UBM conference in Hong Kong right now.
[2014-11-28 02:26:20] BitMEX_Wally : They haven't announced the location yet: http://www.globalbtcsummit.com/en/location.php
[2014-11-28 02:26:39] BitMEX_Wally : "LOCATION Comming Soon!"
[2014-11-28 04:19:24] BitMEX_Arthur : How is it
[2014-11-28 04:39:42] rhk : BitMEX_Arthur: are you still planning to start trading march today?
[2014-11-28 04:39:53] rhk : .
[2014-11-28 04:40:38] rhk : more websocket issues.. i typed in chat but didnt see my reply until i refresh the page
[2014-11-28 04:40:50] BitMEX_Wally : rhk: The XBTH15 contract will list at 12:00 UTC today
[2014-11-28 04:40:56] rhk : *my own chat message
[2014-11-28 06:54:38] BitMEX_Sam : rhk: Sorry to hear that, I will do some more tests on Windows, this shouldn't be happening
[2014-11-28 11:54:19] BitMEX_Sam : Good afternoon traders
[2014-11-28 15:22:35] sjovani : Can somebody explain this insurance fee?
[2014-11-28 15:23:10] sjovani : is this 0.015% per trading session thus 0.045% per day thus 1.35% per month?
[2014-11-28 15:23:18] sjovani : thats even more than 1% for opening and closing....
[2014-11-28 15:24:17] sjovani : as to say...im forced into loosing another 0.85% ....or close position asap...?
[2014-11-28 15:27:48] BitMEX_Wally : sjovani: BitMEX stands behind all trades and guarantees settlement. The insurance fee covers the cost of knowing the contract will payout what it promises.
[2014-11-28 15:29:16] sjovani : with 20% maintenance there should nobody go bankrupt in the first place
[2014-11-28 15:29:27] sjovani : anyway the users are the one risking...we have nothing else than your word
[2014-11-28 15:29:40] sjovani : and as I see you change the rules of the game overnight...
[2014-11-28 15:29:53] sjovani : making me loose another 0.85% with new rules i didnt ask for
[2014-11-28 15:30:20] BitMEX_Wally : If you wish to revert to the previous fee system I will apply that to your account
[2014-11-28 15:30:30] sjovani : Note that the insurance is even over position..over capital...the insurance is 4% per month.... a whopping 50% per year!
[2014-11-28 15:30:49] rhk : wtf
[2014-11-28 15:30:49] BitMEX_Wally : With a trading fee of 0.005% the cost of trading in and out of positions is dramatically reduced
[2014-11-28 15:31:10] sjovani : yes...but not all can get rich day trading...where are the position traders?
[2014-11-28 15:31:11] rhk : sjovani: thanks for brining up the fees.. i didnt even see it had changed
[2014-11-28 15:31:34] rhk : BitMEX - you really should let your customers know before drastically changing the fee structure
[2014-11-28 15:31:34] sjovani : im a position trader, I responsible for a big percentage of turnover...and I will be GONE
[2014-11-28 15:32:09] sjovani : As I cannot work against 40% per year capital loss due to some insurance
[2014-11-28 15:32:23] rhk : only yesterday, BitMex was saying that they dont charge funding fees etc
[2014-11-28 15:33:00] sjovani : I think I should make my own exchange, and do it the right way:)
[2014-11-28 15:33:17] BitMEX_Sam : We apologize for the lack of notice on this, if any of you would like to be reverted please let us know
[2014-11-28 15:33:21] BitMEX_Wally : I appreciate your feedback, and we don't want anyone to pay more in fees as a result of these changes
[2014-11-28 15:33:54] sjovani : the insurance fee is an idea...but the fee is too high!
[2014-11-28 15:33:58] sjovani : and the trading fee is too low!
[2014-11-28 15:37:01] sjovani : anyway have to go...
[2014-11-28 15:37:33] rhk : the insurance fee as it stands makes BitMex impossible to use for positional trading or long-term hedging..
[2014-11-28 15:38:09] sjovani : indeed...its silly
[2014-11-28 15:39:27] rhk : BitMex - i'd just suggest that you revert back to the previous fees, and refund any 'insurance fees' that have been deducted from any client accounts
[2014-11-28 15:39:36] BitMEX_Sam : rhk: At this time none have been deducted
[2014-11-28 15:39:37] rhk : then try talking to your users
[2014-11-28 15:39:57] BitMEX_Sam : I know what you mean, and I apologize, I believe we may have been a bit quick to act here
[2014-11-28 15:40:04] rhk : you really should try to get some feedback before you make these changes
[2014-11-28 15:40:27] BitMEX_Wally : We got a lot of feed back from day traders....
[2014-11-28 15:40:31] BitMEX_Wally : Not so much from positional traders it seems
[2014-11-28 15:40:40] rhk : how did you request feedback?
[2014-11-28 15:40:52] rhk : i didnt see any email or notice that these had changed
[2014-11-28 15:41:15] rhk : only happened to login to check the account and saw sjovani talking about it
[2014-11-28 15:41:27] BitMEX_Sam : We had been talking with a lot of traders in the various message boards we had been launching on.
[2014-11-28 15:41:39] BitMEX_Sam : Sorry to spring this on you guys. For now, we're going to suspend the insurance fee
[2014-11-28 15:41:54] BitMEX_Sam : Just enjoy the reduced trading fees for now. We will give advance notice via email before reinstating it
[2014-11-28 15:42:39] rhk : i'd only trade with a zero fee on open positions.. no point otherwise - i need it for long-term hedging
[2014-11-28 15:42:54] rhk : trade fee was fine before.. similar to ICBIT IIRC
[2014-11-28 15:43:14] BitMEX_Wally : ICBIT was 1% at one point..
[2014-11-28 15:44:35] rhk : i'm paying about 0.5% taker / 0.1% maker at ICBIT now
[2014-11-28 15:46:18] rhk : no funding/open position fees
[2014-11-28 15:46:32] rhk : settlement fees are around 0.5% for positions held til expiry
[2014-11-28 15:49:01] BitMEX_Wally : What's the average spread you pay?
[2014-11-28 15:49:56] rhk : i'm a market maker.. so dont normally cross the spread
[2014-11-28 15:54:34] rhk : but FYI looking at the screen, spreads on ICBIT in jan are tighter than here in jan right now
[2014-11-28 15:55:03] rhk : ICBIT: 377/380, BitMex: 375/384 approx
[2014-11-28 16:01:27] BitMEX_Sam : rhk: Thanks for all the feedback, please keep in touch with us about what you want to see in this platform
[2014-11-28 16:22:56] jelikishvili : hi
[2014-11-28 16:23:08] jelikishvili : I am confused how much is 1 contract
[2014-11-28 16:23:16] jelikishvili : is it 1BTC or 0.001BTC ?
[2014-11-28 16:24:29] BitMEX_Wally : Hi jelikishvili
[2014-11-28 16:25:06] jelikishvili : hi
[2014-11-28 16:25:08] BitMEX_Wally : One contract is worth 0.00001 Bitcoin per USD
[2014-11-28 16:25:51] BitMEX_Wally : So 270 contracts are worth roughly 1 XBT
[2014-11-28 16:26:06] BitMEX_Sam : See the `Gross Value` in the order controls box, it calculates in real-time as you enter numbers in.
[2014-11-28 16:26:23] BitMEX_Sam : The calculator link on the top right can calculate PNL as well.
[2014-11-28 16:26:48] jelikishvili : wait
[2014-11-28 16:26:54] jelikishvili : contracts are quotes in USD right
[2014-11-28 16:27:08] BitMEX_Wally : Contracts are quoted in USD but settled in XBT
[2014-11-28 16:27:20] BitMEX_Wally : So there is a multiplier (0.00001 XBT per USD) to convert
[2014-11-28 16:27:26] jelikishvili : what is XBT is it 1BTC ?
[2014-11-28 16:27:30] BitMEX_Wally : Yes
[2014-11-28 16:27:42] BitMEX_Wally : XBT is the international symbol for Bitcoin, used on Bloomberg etc
[2014-11-28 16:28:12] jelikishvili : ok, so 0.00001 XBT means I need 100K contracts to be long 1 BTC ?
[2014-11-28 16:28:24] BitMEX_Wally : Not quite
[2014-11-28 16:28:51] BitMEX_Wally : 100k contracts would mean that if the USD price went up from 375 to 376 you would make 1 Bitcoin of profit
[2014-11-28 16:29:54] jelikishvili : Doesn;t 1 contract control 0.00001 XBT ?
[2014-11-28 16:30:28] BitMEX_Wally : 1 contract controls 0.00001 XBT per 1 dollar movement in the USD price of Bitcoin
[2014-11-28 16:30:38] jelikishvili : Ohh
[2014-11-28 16:31:03] jelikishvili : sorry thats an odd concept for me to grasp I thought these are ordinary futures
[2014-11-28 16:31:25] BitMEX_Wally : Yes, I understand the difficultly
[2014-11-28 16:31:35] BitMEX_Wally : All are futures are margined and settled in Bitcoin
[2014-11-28 16:31:37] jelikishvili : So is that more like an option in a way ?
[2014-11-28 16:31:38] BitMEX_Wally : But quoted in USD
[2014-11-28 16:31:48] BitMEX_Wally : Technically they are called quantos
[2014-11-28 16:31:58] BitMEX_Wally : Quantity adjusting options
[2014-11-28 16:32:16] jelikishvili : Do you have a full right up one this ?
[2014-11-28 16:32:44] BitMEX_Wally : Absolutely
[2014-11-28 16:32:44] jelikishvili : writeup that is
[2014-11-28 16:32:56] BitMEX_Wally : Check out the Reference link above
[2014-11-28 16:33:15] BitMEX_Wally : We have all the formulas plus trading guides
[2014-11-28 16:33:55] jelikishvili : alright I will go read up on that
[2014-11-28 16:33:57] jelikishvili : thanks
[2014-11-28 16:34:09] BitMEX_Wally : If you want to go long 1 Bitcoin of risk, then at the current price you want to go long roughly 265 contracts
[2014-11-28 16:34:21] jelikishvili : I got that
[2014-11-28 16:34:32] jelikishvili : but I am not sure I grasp the mechancs fully
[2014-11-28 16:35:00] jelikishvili : what exactly am I long ? meaning what does the contract gurantee upon delivery would I get 1 BTC upon settlement ?
[2014-11-28 16:35:21] BitMEX_Wally : These are 'cash' settled futures, but settled in Bitcoin
[2014-11-28 16:35:32] BitMEX_Wally : So if you go long at 377 USD
[2014-11-28 16:35:52] BitMEX_Wally : At the end of the month the contract will be settled, and your position closed at the actual Bitcoin price based on the underlying reference
[2014-11-28 16:36:04] BitMEX_Wally : Say the price is 400 USD
[2014-11-28 16:36:22] BitMEX_Wally : So your PNL in Bitcoin would be 23 * quantity * 0.00001
[2014-11-28 16:37:07] jelikishvili : OK
[2014-11-28 16:37:14] jelikishvili : but lets say I am short
[2014-11-28 16:37:32] BitMEX_Wally : Same formula, with a negative quantity
[2014-11-28 16:37:40] jelikishvili : and price moves from 400 to 100 netting me 300 point gain
[2014-11-28 16:37:47] jelikishvili : so I will get 300 points in btc
[2014-11-28 16:37:58] jelikishvili : but where do you get the btc ?
[2014-11-28 16:38:14] jelikishvili : who is the counterparty then ?
[2014-11-28 16:38:15] BitMEX_Wally : As an exchange we match buyers against sellers
[2014-11-28 16:38:22] jelikishvili : no I get that
[2014-11-28 16:38:22] BitMEX_Wally : So for every long there is a short
[2014-11-28 16:38:56] jelikishvili : Why didn't you decude to settle in USD if you don;t mind me asking ?
[2014-11-28 16:39:17] jelikishvili : settling in BTC seems like another dimention of risk
[2014-11-28 16:39:43] BitMEX_Wally : Taking USD deposits requires banking relationships and a lot of additional risk
[2014-11-28 16:39:54] jelikishvili : right
[2014-11-28 16:39:57] BitMEX_Wally : We're working on it and hope to announce something next year
[2014-11-28 16:40:16] BitMEX_Wally : Also, we're trying to offer a product for people to hedge existing bitcoin exposure
[2014-11-28 16:40:24] jelikishvili : problem for me personally is I was hoping to construct positions with other eshcgaes, and hedge here
[2014-11-28 16:40:25] BitMEX_Wally : For example, someone who sells goods in return for Bitcoin
[2014-11-28 16:40:45] BitMEX_Wally : They won't want to pay 100 USD to send an international wire to us
[2014-11-28 16:41:09] BitMEX_Wally : Depending on which exchange you're using you can still hedge here
[2014-11-28 16:41:20] jelikishvili : yeah but if yo don;t have a constant variable, then entire contract is moving you don;t really know what you will get in the end
[2014-11-28 16:41:21] BitMEX_Wally : 796 uses quantos like us
[2014-11-28 16:41:34] jelikishvili : I am not trying to talk you down :)
[2014-11-28 16:41:40] BitMEX_Wally : This is all good feedback
[2014-11-28 16:41:57] BitMEX_Wally : We are going to offer a USD contract soon
[2014-11-28 16:42:00] jelikishvili : just was hoping for different contract
[2014-11-28 16:42:05] jelikishvili : its good for speculation
[2014-11-28 16:42:07] BitMEX_Wally : Where the risk is priced in a fixed amount of USD
[2014-11-28 16:42:09] jelikishvili : but for hedging
[2014-11-28 16:42:16] BitMEX_Wally : Yes
[2014-11-28 16:42:37] jelikishvili : but lets say BTC collapces
[2014-11-28 16:42:42] jelikishvili : goes to 0
[2014-11-28 16:42:47] jelikishvili : and I was short
[2014-11-28 16:42:52] jelikishvili : what do I get :)
[2014-11-28 16:42:59] BitMEX_Wally : You get infinity of course
[2014-11-28 16:43:10] rhk : jelikishvili: an infinite amount of something that is worth zero :)
[2014-11-28 16:43:20] BitMEX_Wally : The problem is more one of risk management. If you go long at 400, and the price drops to 200
[2014-11-28 16:43:31] BitMEX_Wally : (and assuming you weren't leveraged)
[2014-11-28 16:43:33] jelikishvili : and I was short the BTC, guessed the fall and get a uselsss coin....
[2014-11-28 16:43:40] BitMEX_Wally : Then you think you have lost 50% equity, but actually you have lost 100% equity
[2014-11-28 16:44:01] BitMEX_Wally : Because with a USD contract you're not long XBT you're actually short USD
[2014-11-28 16:44:28] BitMEX_Wally : This is the style used by some other exchanges
[2014-11-28 16:45:29] jelikishvili : wait so what do I need to put up as a colleteral ? BTC right ?
[2014-11-28 16:45:46] jelikishvili : so margin requirment will also fluctuate I am guessing
[2014-11-28 16:46:21] BitMEX_Wally : Yes, we require 30% initial margin, and 20% maintenance margin
[2014-11-28 16:46:29] BitMEX_Wally : That is 20% of the current value of your position in Bitcoin
[2014-11-28 16:48:49] jelikishvili : I have to think this through :)
[2014-11-28 16:48:57] jelikishvili : too many variables to consider
[2014-11-28 16:49:12] BitMEX_Wally : At 0.005% trading fee you can try it out
[2014-11-28 16:49:45] jelikishvili : not before I have a strategy in place and understand the risks fully
[2014-11-28 16:49:47] BitMEX_Wally : If there's a particular hedging strategy you need do let us know, we're open to feed back
[2014-11-28 16:50:24] jelikishvili : good stuff, I will be back need to put this on paper first :)
[2014-11-28 16:50:27] jelikishvili : thanks for your help
[2014-11-28 16:51:55] BitMEX_Wally : See you again soon :)
[2014-11-28 17:35:15] coroner : hm, so now you charge ~16.5% a year on open positions?
[2014-11-28 17:36:14] BitMEX_Sam : coroner: Under that fee structure, yes. If you have a need to hedge long-term risk please email us at support@bitmex.com and we can work out something more favorable.
[2014-11-28 17:36:38] coroner : indeed, i'm most of the time delta neutral, or slightly short
[2014-11-28 17:40:13] coroner : not to cause you a headache, but wouldn't it be possible to allow users to choose a fee structure manually? I personally don't mind the socialized losses, it's kinda of a luxury problem anyway
[2014-11-28 17:40:59] coroner : I'd much rather trade on this platform than OKcoin, it feels more professional
[2014-11-28 17:41:04] coroner : but I like OKcoin's rules
[2014-11-28 17:41:42] BitMEX_Sam : coroner: That's something we're looking into
[2014-11-28 17:42:01] BitMEX_Sam : The issue is building it in a way that can't be abused
[2014-11-28 17:42:25] coroner : yeah exactly, you need to separate the pools somehow and maintain a balance in the size of them
[2014-11-28 17:42:28] BitMEX_Sam : The socialized losses are something we take a hardline on though, no matter who you are, socialized losses make it impossible to hedge
[2014-11-28 17:42:59] coroner : true
[2014-11-28 17:43:44] BitMEX_Sam : Thanks for the feedback, we really appreciate it. How's the platform performing for you?
[2014-11-28 17:43:55] coroner : pretty good, I like it a lot
[2014-11-28 17:43:57] coroner : it's very responsive
[2014-11-28 17:44:03] coroner : I just placed only a few trades
[2014-11-28 17:44:16] coroner : I don't like OKcoin's UI at all, and they keep changing it too
[2014-11-28 17:44:25] coroner : they way it is now is a nightmare if you're trying to do calendars
[2014-11-28 17:44:32] coroner : (OKcoin's)
[2014-11-28 17:44:54] BitMEX_Sam : Ah yeah. I don't like it much either, that's why we've designed it the way we have
[2014-11-28 17:45:08] BitMEX_Sam : Fast trading is one of the things we do best
[2014-11-28 17:45:23] coroner : it hasn't been that busy here yet though
[2014-11-28 17:45:54] coroner : one issue I have personally though is that the page doesn't fit on my screen entirely
[2014-11-28 17:46:00] coroner : so I need to scroll to see my positions
[2014-11-28 17:46:00] BitMEX_Sam : Ah
[2014-11-28 17:46:09] BitMEX_Sam : You can use ctrl + - to zoom out a bit
[2014-11-28 17:46:20] coroner : ah right good advice
[2014-11-28 17:46:21] BitMEX_Sam : seems to cause some issues with the charts, though, when you refresh
[2014-11-28 17:46:35] BitMEX_Sam : Working with TradingView on that one
[2014-11-28 17:47:06] BitMEX_Sam : You can also roll up the sidebar if you want to get the trollbox more in view, and resize it with this little control here ---------->
[2014-11-28 17:47:23] coroner : got it, cool
[2014-11-28 17:48:31] coroner : I think eventually this platform can become a market leader if you guys can get the fee structure right
[2014-11-28 17:48:58] BitMEX_Sam : Thanks, we appreciate that
[2014-11-28 17:49:47] coroner : on the other hand, you can tell by the tape at okcoin that it's filled to the brim with die hard gamblers and all they care about is insane leverage
[2014-11-28 17:50:13] coroner : unfortunately you'll probably need to attract those first in order to get the liquidity here :)
[2014-11-28 17:50:47] BitMEX_Sam : Haha yeah.
[2014-11-28 17:51:05] coroner : it's hilarious how much premium they pay over spot at times
[2014-11-28 17:51:23] BitMEX_Sam : We have a lead market maker who is usually here but is on London time
[2014-11-28 17:51:29] BitMEX_Sam : Puts up about 80k contracts on each side
[2014-11-28 17:51:59] coroner : that's about my size alone on okcoin
[2014-11-28 17:52:18] coroner : and I don't consider myself a huge player
[2014-11-28 17:52:32] BitMEX_Sam : Refresh me since I haven't traded there for a while, how large are the individual contracts
[2014-11-28 17:52:40] BitMEX_Sam : ofc that's also on 20x leverage, no?
[2014-11-28 17:53:06] coroner : that's about the net value in my account there
[2014-11-28 17:53:42] coroner : I would increase it if I had more confidence in their platform
[2014-11-28 17:54:03] BitMEX_Sam : Yeah, I don't think their fee structure is maintainable
[2014-11-28 17:54:16] BitMEX_Sam : Likely a product of venture capitalism and "traction"
[2014-11-28 17:55:45] coroner : maybe they have a good PR department in Chinese
[2014-11-28 17:56:59] BitMEX_Sam : I don't think a lot of it resonates with western people
[2014-11-28 17:57:11] BitMEX_Sam : Re: the points systems, rewards, and all that
[2014-11-28 17:57:18] BitMEX_Sam : Most people just want to trade.
[2014-11-28 17:57:26] coroner : ya I don't care about the rewards thing
[2014-11-28 18:57:09] BitMEX_Sam : coroner: I put your open position into the top left widget for quicker reference, if you refresh you should see it
[2014-11-28 19:09:56] coroner : it's still in the same spot
[2014-11-28 19:10:02] coroner : let me logout
[2014-11-28 19:10:42] coroner : nope still the same
[2014-11-28 19:11:02] BitMEX_Arthur : which widget are u looking at?
[2014-11-28 19:11:17] BitMEX_Arthur : should see it in the "Selected Contract" widget
[2014-11-28 19:12:38] BitMEX_Sam : coroner: Ah yeah not the entire position details, it won't fit up there. But your current position is now listed up top.
[2014-11-28 19:13:03] coroner : oh yeah got it
[2014-11-29 05:47:51] rhk : BitMEX_Arthur: will the BTC deposit address ever change? or is it safe to always send deposits to the same (current) address?
[2014-11-29 06:23:25] BitMEX_Arthur : They will stay the same
[2014-11-29 06:36:03] BitMEX_Wally : rhk: If the deposit address changes (we reserve the right to do so for security or operations) then old addresses will still be safe to send to.
[2014-11-29 06:36:28] rhk : ok th
[2014-11-29 06:36:30] rhk : thx
[2014-11-29 17:42:00] BitMEX_Sam : Hey guys, how's it going
[2014-11-29 17:42:15] BitMEX_Sam : sjovani: Replying to your email right now
[2014-11-29 17:54:39] coroner : hi Sam, pretty good
[2014-11-29 17:54:51] coroner : just closed out a nice trade for profit
[2014-11-29 17:56:34] BitMEX_Sam : nicely done
[2014-11-29 17:57:09] BitMEX_Sam : How's the platform holding up for you @coroner?
[2014-11-29 17:57:36] coroner : good, everything seems fine
[2014-11-29 17:57:55] BitMEX_Sam : great
[2014-11-29 17:58:02] BitMEX_Sam : glad to see you making &btc;
[2014-11-29 17:58:19] BitMEX_Sam : market has been moving around quite a bit today
[2014-11-29 18:01:09] coroner : the futures were way overprices
[2014-11-29 18:01:12] coroner : overpriced*
[2014-11-29 18:01:18] coroner : was just a matter of time for that to come in
[2014-11-29 18:01:29] BitMEX_Sam : They usually trade at a premium to spot for some time,
[2014-11-29 18:01:33] BitMEX_Sam : but yeah they were not reacting very quickly
[2014-11-29 18:02:05] coroner : I'm trading manually so sometimes I'm just too slow
[2014-11-29 18:02:27] BitMEX_Sam : If you're interested in trying a bot check out our market maker https://github.com/BitMEX/market-maker
[2014-11-29 18:02:39] BitMEX_Sam : You can dry-run it or run it on our testnet site
[2014-11-29 18:02:49] coroner : a guy is coding a bot for me
[2014-11-29 18:02:55] coroner : I kinda hired him
[2014-11-29 18:03:00] coroner : he's coding it in nodejs
[2014-11-29 18:03:01] BitMEX_Sam : At the least it's a good platform for building a bot, since the API calls are all there
[2014-11-29 18:03:03] BitMEX_Sam : ah cool.
[2014-11-29 18:03:13] BitMEX_Sam : I write node most of the time, have him email me if he has questions
[2014-11-29 18:03:21] coroner : cool will do
[2014-11-29 18:03:27] BitMEX_Sam : The market-maker bot above has a reference implementation of our permanent API scheme using HMAC sigs
[2014-11-29 18:03:35] BitMEX_Sam : Should be a good reference for anything you build
[2014-11-29 18:03:52] coroner : that's going to be very helpful indeed
[2014-11-29 18:04:00] BitMEX_Sam : Oh we also have one other thing
[2014-11-29 18:04:13] BitMEX_Sam : Send him http://restunited.com/releases/369317049552340527/wrappers
[2014-11-29 18:04:52] BitMEX_Sam : Also send him https://www.npmjs.org/package/swagger-client, our API follows the swagger spec.
[2014-11-29 18:05:05] BitMEX_Sam : It will basically auto-generate an API connector for Node.
[2014-11-29 18:05:44] coroner : awesome!
[2014-11-29 18:06:03] coroner : that will definitely help
[2014-11-29 18:07:26] BitMEX_Sam : The swagger spec is one of the better things to happen to REST APIs these days - our interactive explorer (https://www.bitmex.com/api/explorer/) is completely auto-generated from the actual code running the API.
[2014-11-29 18:07:32] BitMEX_Sam : Every time we make a change it will be reflected there.
[2014-11-29 18:08:08] coroner : very nice .. you know programming has really evolved compared to 10 years ago when I used to do it
[2014-11-29 18:08:19] coroner : it's hard to keep track of all these build environments and things
[2014-11-29 18:09:14] BitMEX_Sam : Yeah, it's practically a race
[2014-11-29 18:09:24] BitMEX_Sam : As soon as you get used to a technology, it's old hat and something else has taken its place
[2014-11-29 18:09:49] BitMEX_Sam : The only way to stay on top of it is to read... constantly
[2014-11-29 18:13:32] coroner : I'm currently doing that. Have you ever looked at clojure?
[2014-11-29 18:14:07] coroner : I've been playing around with that language to build the trade logic, clojurescript compiles to javascript so we can run it on node
[2014-11-29 18:14:30] BitMEX_Sam : coroner: Yeah I built a first prototype of BitMEX on clojurescript
[2014-11-29 18:14:38] BitMEX_Sam : It's great tbh
[2014-11-29 18:14:57] BitMEX_Sam : I just didn't think it was mature enough at the time, and that I couldn't find programmers to hire that would know it
[2014-11-29 18:15:19] BitMEX_Sam : Clojure is definitely a superior language to Javascript though, but JS isn't so bad most of the time
[2014-11-29 18:16:51] BitMEX_Sam : I generally do trading bots in Python though. Simple, easy to use, stronger type system than JS, decent threading model
[2014-11-29 18:22:03] laisee : looking at the market maker sample, is it being used for Bitmex?
[2014-11-29 18:22:31] coroner : BitMEX_Sam: I was very impressed with core.async
[2014-11-29 18:22:51] BitMEX_Sam : laisee: Yeah, I can see in the logs that some people are using it
[2014-11-29 18:23:24] BitMEX_Sam : coroner: Yeah, it's great. Have been meaning to give it a good look, for the time being Promises in JS have satisfied the need for me
[2014-11-29 18:24:01] coroner : we're working with promises on the server end and building the trade logic based on core.async, we'll have many different bots running at the same time
[2014-11-29 18:25:22] BitMEX_Sam : Server? Is this just a trading bot or something else?
[2014-11-29 18:27:31] coroner : we're building a framework that talks to several brokers and runs the bots on amazon lambda
[2014-11-29 18:27:42] coroner : i'm also trading options on the us stock market
[2014-11-29 18:28:24] coroner : so we have a server that knows the entire portfolio and dispatches new data to the bots
[2014-11-29 18:29:27] BitMEX_Sam : Ah interesting.
[2014-11-29 18:29:35] BitMEX_Sam : Lambda is fantastic
[2014-11-29 18:30:07] coroner : i haven't actually tested it yet unfortunately.. we just have a concept now and a very basic test environment
[2014-11-29 18:30:33] BitMEX_Sam : I haven't been able to get into the lambda pre-release yet
[2014-11-29 18:30:39] coroner : neither have we..
[2014-11-29 18:30:41] BitMEX_Sam : I'm not sure if it makes sense for trading, though. The latency might not be great
[2014-11-29 18:31:09] BitMEX_Sam : Considering that the actual trade requests are not really all that intensive, it might just make sense to spin up a dedicated VPS or two and deal with it
[2014-11-29 18:31:21] BitMEX_Sam : It's mostly I/O after all
[2014-11-29 18:31:21] coroner : i have a cpu intensive algorithm for option trading strategies which doesn't get affected much by a few seconds of latency
[2014-11-29 18:31:47] BitMEX_Sam : Ah
[2014-11-29 18:31:55] BitMEX_Sam : We'll see how it performs when it opens up, can't wait
[2014-11-29 18:31:58] coroner : so that's mostly for options, I agree that for bitcoin arbitrage like strategies latency matters more
[2014-11-29 18:32:31] BitMEX_Sam : Yeah. Would love to build something that could move fiat across exchanges and could hedge on BitMEX while doing so
[2014-11-29 18:32:37] BitMEX_Sam : Pretty involved, though
[2014-11-29 18:32:51] BitMEX_Sam : I do a fair amount of arb but it's generally basic
[2014-11-29 18:33:06] coroner : yeah especially because you're dealing with money
[2014-11-29 18:33:16] coroner : the logic itself is not that complicated but it cannot be wrong :)
[2014-11-29 18:33:50] BitMEX_Sam : Exactly that
[2014-11-29 18:33:59] BitMEX_Sam : That's a big part of why we were in beta for so long
[2014-11-29 18:34:20] BitMEX_Sam : We never had an incident but we spent a lot of time running simulations ensuring that we never would
[2014-11-29 18:34:22] coroner : I appreciate that a lot about bitmex, not sure if the bitcoin community does though
[2014-11-29 18:34:39] BitMEX_Sam : The community is growing, though, a lot of institutional types are starting to get involved
[2014-11-29 18:34:47] BitMEX_Sam : They'll need a serious platform - we intend to fill that void
[2014-11-29 18:34:48] laisee : sam> arb futures vs cash? or futures vs other exchanges?
[2014-11-29 18:34:49] coroner : i mean, look at what happened at mtgox while the signals were clearly there
[2014-11-29 18:35:01] BitMEX_Sam : coroner: That part was nuts, the writing was on the wall for months with them
[2014-11-29 18:35:06] coroner : yeah
[2014-11-29 18:35:27] BitMEX_Sam : laisee: Arb between exchanges, and when it makes sense to move fiat, move it and hedge while waiting for ACH
[2014-11-29 18:35:47] coroner : but exchanges that are reliable slowly gain market share.. look at kraken, it's growing
[2014-11-29 18:36:02] BitMEX_Sam : Kraken is an impressive platform
[2014-11-29 18:36:09] BitMEX_Sam : They deserve 10x more volume than they have, IMO
[2014-11-29 18:36:19] laisee : complex stuf, not sure if the fiat latency would make trading for profit impossible.
[2014-11-29 18:36:22] coroner : for sure
[2014-11-29 18:36:26] BitMEX_Sam : I knew when they had a PGP pubkey input on their registration form that they were something different
[2014-11-29 18:36:40] BitMEX_Sam : laisee: It would, if you couldn't hedge the lag
[2014-11-29 18:37:08] coroner : one of the problems with kraken imo is that they require a ridiculous amount of info from you if you want top tier clearance
[2014-11-29 18:37:43] coroner : they basically want you to submit your life's resume to you
[2014-11-29 18:37:50] coroner : to them*
[2014-11-29 18:39:32] coroner : gtg good talking to you
[2014-11-29 18:39:40] BitMEX_Sam : coroner: Have a good one
[2014-11-30 03:08:04] zareri : sam, how do i have an open position with 0 currentqty?
[2014-11-30 03:09:16] BitMEX_Arthur : zareri: do you have a realisedPnl on that position?
[2014-11-30 03:14:27] zareri : yes
[2014-11-30 03:17:48] BitMEX_Arthur : that is why you see a position because u have a realisedPnl for that symbol
[2014-11-30 03:21:31] zareri : oh so for prfits it will stay in the positions spot? is there a section for just open positions?
[2014-11-30 03:21:54] BitMEX_Arthur : so realised pnl will remain until a position expires
[2014-11-30 03:22:08] BitMEX_Arthur : and then you will only see that amount reflected in the Wallet Balance
[2014-11-30 03:22:40] BitMEX_Arthur : i mean when the futures contract expires
[2014-11-30 03:22:44] BitMEX_Wally : Having a tab that only shows open positions (i.e. currentQty<>0) is a good idea
[2014-11-30 03:28:35] zareri : ok that is diff, thx for the responses. id say so wally. ;)
[2014-11-30 03:29:34] zareri : any chance or different colors themes soon?
[2014-11-30 03:30:04] BitMEX_Arthur : you prefer a black background if i remember correctly?
[2014-11-30 03:45:32] zareri : that would be correct. \
[2014-11-30 03:48:21] BitMEX_Arthur : your feedback is noted we are taking in a variety of opinions on the colour scheme
[2014-11-30 03:52:43] zareri : cool. so hows the volume looking on the overall site?
[2014-11-30 03:53:29] zareri : also, love the maker taker fee structure. i always wondered why it is so underutilized in crypto, it is still in its early days though =)
[2014-11-30 03:59:12] BitMEX_Arthur : for a new market we are doing well, in my previous role as a market maker for investment banks I had products listed on major exchanges that never traded a single dollar for months
[2014-11-30 03:59:39] BitMEX_Arthur : please check out our new fee structure, we believe we have aligned incentives correctly between shot term speculators and longer term hedgers
[2014-11-30 13:44:48] rhk : BitMEX_Arthur: disagree.. the new holding fees make it vastly more expensive to trade positions, hedge or trade longer-dated futures here compared to ICBIT.
[2014-11-30 13:46:38] rhk : i can trade a Sep15 future on ICBIT for 1% commission.. corresponding fees on BitMex would be 13%+
[2014-11-30 14:02:42] BitMEX_Wally : rhk: This is good feedback and we're open to options. The Sep15 future on ICBIT currently has as 2% spread and is trading at a 14% premium to spot
[2014-11-30 14:04:17] rhk : i'm market making.. i like having a big spread :)
[2014-11-30 14:04:42] rhk : plus on ICBIT i dont have to deal with gamma
[2014-11-30 14:05:01] BitMEX_Wally : Because our XBT line is quanto?
[2014-11-30 14:05:37] rhk : right
[2014-11-30 14:06:01] BitMEX_Wally : We will be launching an XBU line with inverse pricing soon
[2014-11-30 14:06:03] BitMEX_Wally : Watch this space
[2014-11-30 14:08:04] rhk : you need to think about what type of client you are targetting.. speculators have OKCoin with super-low fees and 20x leverage. hedgers have ICBIT with zero holding fees, long dated futures and no gamma
[2014-11-30 14:08:17] rhk : so why would either come and trade here?
[2014-11-30 14:08:53] rhk : you need to offer at least the same baseline as one or the other (depending on your primary type of client).. and then some advantages
[2014-11-30 14:09:03] rhk : otherwise there's no point
[2014-11-30 16:40:48] sleger : "New Fee structure: Trading Fees Reduced by 100x" is VERY misleading
[2014-11-30 16:49:44] BitMEX_Sam : Let me update that title, we don't mean to be misleading about it
[2014-11-30 16:50:20] BitMEX_Sam : Of course like with any exchange, you should read the Fees page, where we are very explicit
[2014-11-30 17:17:54] sjovani : abuot this 100% insurance, where does this 20% up down tradesession limit fit in?
[2014-11-30 17:18:18] sjovani : What if bitcoin raises 40% in 1 session? What then happens with your long position?
[2014-11-30 17:18:55] sjovani : (or short position and vice versa)
[2014-11-30 17:20:15] BitMEX_Sam : The limits prevent users from placing buy orders above the limit up, or sell orders below the limit down
[2014-11-30 17:20:34] BitMEX_Sam : The price of the underlying may rise or fall quickly, but the contracts here can only rise or fall 20% from opening in a session
[2014-11-30 17:21:10] BitMEX_Sam : If the rise/fall is sustained, the price will likely hover around the limit until the end of the session, until the session ends and users can place buy/sell orders above/below the limit.
[2014-11-30 17:21:52] BitMEX_Sam : Likely what you would see with a 40% rise is a rise up to the limit, perhaps a bit of wobbling near the limit, and a lot of high sell orders preparing for the session to end and the buys to catch up.
[2014-11-30 17:22:22] sjovani : trading will halt I guess...if the future wants to trade at 500 but can only trade at 440....its not gonna hover around 440...its gonna be 440 bid no ask
[2014-11-30 17:22:34] sjovani : Ok....
[2014-11-30 17:22:41] BitMEX_Sam : You can place asks above the limit, just not bids
[2014-11-30 17:22:55] BitMEX_Sam : so the asks will be there, the bids will be too low, and they will meet again when the next session starts
[2014-11-30 17:22:57] sjovani : well.....hehe...
[2014-11-30 17:23:42] BitMEX_Sam : The implication of this is that the market is given some time to readjust and get ready for the next session opening, and for liquidity to get in place, so that, if users get margin called, there are orders to catch them before bankruptcy
[2014-11-30 17:24:27] BitMEX_Sam : Essentially it's layers of safety, this being one, our conservative margin policy being another, and our incremental liquidation engine being another. We are constantly watching the market and running the numbers to do risk simulations, so we can later adjust those variables in a safe way.
[2014-11-30 17:24:54] sjovani : So basically it means that when you have short position, price goes up up up up...you wont be able to turn around your position....
[2014-11-30 17:25:05] sjovani : and then with next session: bankrupt.
[2014-11-30 17:25:16] sjovani : potentially...
[2014-11-30 17:28:18] BitMEX_Sam : It is very similar to the price limits present in most major financial markets - see http://www.cmegroup.com/trading/equity-index/price-limit-guide.html
[2014-11-30 17:28:46] BitMEX_Sam : Importantly, it helps prevent margin call cascades
[2014-12-01 05:46:42] void : hello
[2014-12-01 05:46:53] void : why I can't receive withdraw email
[2014-12-01 05:47:07] void : my email is normal for other bitmex message
[2014-12-01 07:08:46] cumberland : Chat Archive is not loading
[2014-12-01 07:19:18] BitMEX_Sam : Hi @void, when did you put in a request?
[2014-12-01 07:20:29] BitMEX_Sam : cumberland: Thanks, the chat archive is now working
[2014-12-01 07:40:59] void : sam two hours ago.
[2014-12-01 07:41:29] void : I din't get the confirm link in my email inbox
[2014-12-01 07:42:24] BitMEX_Sam : void: That's odd. I see the request has been automatically canceled, they time out after 30 minutes.
[2014-12-01 07:42:27] BitMEX_Sam : Could you please try again?
[2014-12-01 07:51:13] void : I resubmit the request now. seems it's ok.
[2014-12-01 08:08:24] BitMEX_Sam : Great - I'm looking into why the email wasn't delivered the first time. Thanks for letting me know
[2014-12-01 10:23:30] laisee : Bitmex> why is XBTZ14_XBTF15 Bid price at 0?
[2014-12-01 10:29:22] laisee : now I see a bid for 1.00, but there still shows one for 0.0. Is my browser not showing prices correctly?
[2014-12-01 10:37:21] BitMEX_Wally : laisee: Zero or negative prices are valid for calendar spreads. They are quoted as difference in price.
[2014-12-01 10:43:21] laisee : k, thx.
[2014-12-01 14:05:52] rhk : BitMEX_Sam: did the team make a final decision about those holding fees?
[2014-12-01 14:06:01] rhk : need to decide whether its safe to start trading again
[2014-12-01 14:06:12] BitMEX_Sam : rhk: It's something we're working on an official policy for, we're sending around emails, you'll get one soon
[2014-12-01 14:06:24] BitMEX_Sam : In the meantime if you would like me to switch you back to the old maker/taker without insurance, just say so
[2014-12-01 14:15:48] rhk : depends on how long it'll take to get sorted.. if it's likely in a day or two i'll just wait and see
[2014-12-01 14:20:30] BitMEX_Sam : rhk: We'll keep you in the loop
[2014-12-02 01:07:07] rhk : BitMEX_Sam: ok i see the new fees have kicked in.. can you switch me back to the old ones (no holding fee) for now pls
[2014-12-02 01:08:15] BitMEX_Arthur : ok
[2014-12-02 01:08:15] BitMEX_Wally : rhk: I'll do this for you now
[2014-12-02 01:17:16] sjovani : can I also get switched back to the old fees? (no holding fee and 0.5% tradefees)
[2014-12-02 01:17:27] BitMEX_Wally : SUre
[2014-12-02 01:18:04] sjovani : ok thx
[2014-12-02 01:21:21] BitMEX_Wally : Ok, that's all done. You might need to refresh for the GUI to reflect the changes.
[2014-12-02 07:10:56] rhk : on trade panel order controls, it says my current commission rate is 0.25%. when i trade and check trade history its deducted 0.5%
[2014-12-02 07:16:12] rhk : i've sent screenshots to support@bitmex.com
[2014-12-02 07:20:25] BitMEX_Sam : rhk: Sorry, that was a display issue, remember the old structure was 0.25%/0.5% maker/taker
[2014-12-02 07:20:52] BitMEX_Sam : So you were charged the correct amount, the hover tooltip was just incorrectly showing the maker fee for both
[2014-12-02 07:22:35] BitMEX_Sam : rhk: I put a fix in right away, you should see it if you refresh.
[2014-12-02 09:17:56] void : seems you guys should change multiplier from 1000-1.
[2014-12-02 09:18:18] BitMEX_Arthur : u mean 1 xbt per contract?
[2014-12-02 09:18:23] void : yes.
[2014-12-02 09:18:25] BitMEX_Arthur : i mean 1 xbt per usd
[2014-12-02 09:18:35] BitMEX_Arthur : each contract would be huge
[2014-12-02 09:19:04] BitMEX_Sam : Yeah, that would make each contract worth ~387 XBT
[2014-12-02 09:19:07] void : chinese guys like this.
[2014-12-02 09:19:28] BitMEX_Arthur : that would mean u put down 90 xbt just to trade one contract
[2014-12-02 09:19:46] void : I mean 1 xbt one contract.
[2014-12-02 09:19:57] BitMEX_Arthur : so each contract is worth 1 xbt
[2014-12-02 09:22:42] void : yes.
[2014-12-02 09:22:53] void : Our guys are all like this style.
[2014-12-02 09:23:01] void : 796 bitvc okcoin
[2014-12-02 09:23:08] void : are all in this style now.
[2014-12-02 09:23:23] BitMEX_Arthur : bitvc and okcoin are $100 usd per contract
[2014-12-02 09:23:29] BitMEX_Arthur : 796 is like our contract
[2014-12-02 09:23:40] BitMEX_Arthur : we will be launching a fixed usd style contract shortly
[2014-12-02 12:08:48] goat : Weird, I can't submit orders - Order Submission Error. Order could not be submitted: convertCurrency has the signature (number: Number, toCurrency: String, fromCurrency: [String]).
[2014-12-02 12:11:19] BitMEX_Sam : mikelagrotta11: I know exactly what that is, hold on one second
[2014-12-02 12:11:21] BitMEX_Sam : Sorry for the interruption
[2014-12-02 12:11:47] goat : BitMEX_Sam: thanks, i appreciate the prompt response... don't want to lose any btc because I can't close positions :)
[2014-12-02 12:12:09] BitMEX_Sam : Yes of course. Thanks for reporting
[2014-12-02 12:12:32] goat : I also sent you guys a message on reddit about your calendar spreads example, I believe that there is an error in example 1.
[2014-12-02 12:15:44] BitMEX_Sam : mikelagrotta11: That's interesting, I wonder how we missed that. I'll take a look right now
[2014-12-02 12:16:12] BitMEX_Sam : mikelagrotta11: Do you mean Lesson 3 in the References section?
[2014-12-02 12:16:28] goat : BitMEX_Sam: I could be wrong because I am new to calendar spreads (I have experience in options and futures though), i think that the example should have 2 different contracts hold on
[2014-12-02 12:16:58] goat : Bought 100 XBTQ14_XBTU14 @ $100 + 100 XBTU14 @ $200 - 100 XBTU14 @ $350 Profit of $150
[2014-12-02 12:17:02] goat : shouldnt that be 2 contracts
[2014-12-02 12:17:18] goat : shouldnt it be - XBTQ and + XBTU
[2014-12-02 12:17:35] goat : instead of both being XBTU
[2014-12-02 12:17:48] BitMEX_Sam : mikelagrotta11: Please refresh, orders are fixed
[2014-12-02 12:17:54] BitMEX_Sam : Sorry for that error and thanks so much for reporting it
[2014-12-02 12:18:05] goat : no problem man, keep up the great work
[2014-12-02 12:18:12] goat : i am really enjoying your exchange so far
[2014-12-02 12:18:17] BitMEX_Sam : Great, glad to hear it
[2014-12-02 12:18:26] BitMEX_Sam : How's it running for you so far?
[2014-12-02 12:19:04] goat : Still having the same error, hold on I will log out.
[2014-12-02 12:20:00] BitMEX_Sam : You're right about the symbols in the cal spread example 1
[2014-12-02 12:20:03] BitMEX_Sam : I'll fix that.
[2014-12-02 12:20:16] goat : Ok cool, thank you! Do you guys have a bounty program :)
[2014-12-02 12:20:40] goat : Just logged out and back in, the problem with orders is fixed.
[2014-12-02 12:20:58] BitMEX_Sam : Yes we actually do, mostly for security vulnerabilities though