Max Clip Size

Max Clip Size defines the largest allowable passive (MAKE) order per placement, controlling order visibility and execution speed in the order book.

How It Works

• Higher Max Clip Size – Places larger individual orders, leading to faster execution but greater order book visibility.

• Lower Max Clip Size – Places smaller orders, reducing market impact but potentially slowing execution.

Configuration

• High Max Clip Size (e.g., $10,000) – Faster Execution

  • Suitable for liquid markets where large trades can be absorbed without excessive price movement.

• Low Max Clip Size (e.g., $1,000 - $5,000) – Lower Market Impact

  • Suitable for illiquid assets, minimizing order book visibility to reduce potential market signaling.

This setting allows traders to control order exposure, balancing execution speed and market impact based on liquidity conditions.