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# General Info

**The rules for placing orders at the exchange level are as follows:**

* The maximum number of pending orders (including post only orders, limit orders and taker orders that are being processed): 4,000

* The maximum number of pending orders per trading symbol is 500, the limit of 500 pending orders applies to the following **order types**:
  * Limit
  * Market
  * Post only
  * Fill or Kill (FOK)
  * Immediate or Cancel (IOC)
  * Market order with Immediate-or-Cancel order (optimal limit IOC)
  * Take Profit / Stop Loss (TP/SL)
  * Limit and market orders triggered under the order types below:
    * Take Profit / Stop Loss (TP/SL)
    * Trigger
    * Trailing stop
    * Arbitrage
    * Iceberg
    * TWAP
    * Recurring buy

* The maximum number of pending spread orders: 500 across all spreads

* The maximum number of pending algo orders:
  * TP/SL order: 100 per instrument
  * Trigger order: 500
  * Trailing order: 50
  * Iceberg order: 100
  * TWAP order: 20

* The maximum number of grid trading
  * Spot grid: 100
  * Contract grid: 100

**The rules for trading are as follows:**

* When the number of maker orders matched with a taker order exceeds the maximum number limit of 1000, the taker order will be canceled.
  * The limit orders will only be executed with a portion corresponding to 1000 maker orders and the remainder will be canceled.
  * Fill or Kill (FOK) orders will be canceled directly.

**The rules for the returning data are as follows:**

* `code` and `msg` represent the request result or error reason when the return data has `code`, and has not `sCode`;
* It is `sCode` and `sMsg` that represent the request result or error reason when the return data has `sCode` rather than `code` and `msg`.

**`instFamily` and `uly` parameter explanation:**

* The following explanation is based on the `BTC` contract, other contracts are similar.
* `uly` is the index, like "BTC-USD", and there is a one-to-many relationship with the settlement and margin currency (`settleCcy`).
* `instFamily` is the trading instrument family, like `BTC-USD_UM`, and there is a one-to-one relationship with the settlement and margin currency (`settleCcy`).
* The following table shows the corresponding relationship of `uly`, `instFamily`, `settleCcy` and `instId`.

| **Contract Type**      | **uly**  | **instFamily**  | **settleCcy** | **Delivery contract instId** | **Swap contract instId** |
| ---------------------- | -------- | --------------- | ------------- | ---------------------------- | ------------------------ |
| USDT-margined contract | BTC-USDT | BTC-USDT        | USDT          | BTC-USDT-250808              | BTC-USDT-SWAP            |
| USDC-margined contract | BTC-USDC | BTC-USDC        | USDC          | BTC-USDC-250808              | BTC-USDC-SWAP            |
| USD-margined contract  | BTC-USD  | **BTC-USD\_UM** | **USDⓈ**      | **BTC-USD\_UM-250808**       | **BTC-USD\_UM-SWAP**     |
| Coin-margined contract | BTC-USD  | **BTC-USD**     | **BTC**       | **BTC-USD-250808**           | **BTC-USD-SWAP**         |

Note:

1. USDⓈ represents USD and multiple USD stable coins, like USDC, USDG.
2. The settlement and margin currency refers to the `settleCcy` field returned by the [Get instruments](https://www.okx.com/docs-v5/en/#trading-account-rest-api-get-instruments) endpoint.

> Conventions used across the OKX v5 API.