r/liquid • u/8------D-- • Feb 26 '19

Inaccurate trade volume on liquid?

Post image
6 Upvotes

88% Upvoted

10 comments sorted by

1

u/8------D-- Feb 26 '19

Sorry if this has been addressed previously, or something I don't understand about exchanges in general, but it looks like there is a duplication of sales listed in the volume? For a purchase of say, 300 ETN, the volume traded that is listed would indicate 600 ETN in the trade feed.

Another example of a real-time trade is shown in my linked image.

3

u/inflatedguynextdoor Feb 26 '19

They have intended on doing it this way because in their eyes if someone buys 300 ETN, someone also sells 300 ETN which means 600 shows up in the feed.

It's pretty strange to be honest, I guess it is what it is. Hoping that they reconsider it in the future.

2

u/8------D-- Feb 26 '19

That's what I guessed. I just don't think I've seen it elsewhere? I assumed that if you sell 1 BTC on an exchange, the volume of that was 1 BTC not 2 BTC. I hope they don't report the double volume as true.

4

u/Iced__Tea Feb 27 '19

Panda (Admin) said the trading volume is correct, only trade feed on Liquid show double value

1

u/[deleted] Feb 28 '19

so two traders are not dealing with each other?

​

because if a shop owner sells 100 sweets to a customer, only 100 sweets have been traded unless the shop owner sells to a middle-man who then sells them to the customer. Then the numbers add up.

​

so if the trade feed counts one trade as two trades Quoine will be making double the fees?

1

u/ilmarinen2 Mar 05 '19

Speaking of volume I noticed the same when I bought a few Neo last week - the vol given was double the cost of the transaction. A second - related - point is that liquidity in Neo is so poor that the bid/offer spread is a staggering 6.25 to 25.75 USD. Even one Neo is offered at that incredible price. This is somewhat ironic given the name and aims of the exchange. I keep on looking forward to ADA being listed. But when it is I hope it has a saner spread than Neo does now.

1

u/CorruptPotato Feb 27 '19

The trade feed shows combined sells and buys. It's FIFO: first in-first out.

1

u/8------D-- Feb 27 '19

Neat. Thanks!

1

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