A Spot TWAP (Time-Weighted Average Price) order is a trading strategy on the BTSE platform designed to execute large-scale orders gradually over a predetermined time period.

This feature helps avoid slippage (price difference) when placing large-volume orders, so you can buy or sell at an average price over your specified time period.

These portions are then executed evenly at regular time intervals. This approach aims to achieve an average execution price relevant to market conditions during that period, minimizing market impact, and mitigating the risk of slippage (unfavorable price differences).

When Do You Need This Feature?

 Use TWAP in these three main situations: 

• Want to "Scale In/Out" Automatically: You want to slowly increase or decrease your assets (e.g., over 12 hours or a whole day) without having to constantly stare at the BTSE chart screen. 

• Capital is Too Large, Exceeding Liquidity Limits: When your order volume exceeds the available liquidity capacity in the order book at that time.

• Prices are Volatile: Price movements are swinging wildly up and down, but there is no definite trend yet on whether the market will continue to rise or fall.