Best Bid & Offer (BBO) is a limit order type on WEEX that automatically places orders at the selected counterparty price or same-side price based on current market quotes, balancing execution speed and price precision.

What is a BBO order?

When placing a BBO order, you can choose between counterparty prices and same-side prices from the order book.

When buying

• You can place a limit order using the current counterparty price or same-side price.
• Counterparty price: Places your order at the selected ask price for a higher chance of execution.
• Same-side price: Places your order at the selected bid price, better for waiting for your preferred execution price.

When selling

• You can place a limit order using the current counterparty price or same-side price.
• Counterparty price: Places your order at the selected bid price for a higher chance of execution.
• Same-side price: Places your order at the selected ask price, better for waiting for your preferred execution price.

BBO vs. market order vs. limit order

How do I place a BBO order?

1. Use the "BBO" button at the top of the order panel.
2. Enter your order amount and choose a counterparty price or same-side price (such as Counterparty 1, Counterparty 5, Same-side 1, or Same-side 5)
3. Use "Open Long" or "Open Short" to place the order.

Website

💡 If you're unsure whether to use a market order or limit order, BBO offers a balanced approach—faster execution with better slippage control.

Note: BBO is unavailable when using preset TP/SL or the following order types.

• Post only
• IOC
• FOK
   

⚠️ Risk disclaimer: Futures trading involves high risk and may result in the loss of your entire principal. This content is for educational purposes only and doesn't constitute investment advice. Trade responsibly and make decisions based on your own risk tolerance after fully understanding the risks involved.