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Topic: MtGox will change their trading rules today, right? - page 2. (Read 3027 times)

sr. member
Activity: 350
Merit: 250
"Don't go in the trollbox, trollbox, trollbox"
Very welcome indeed of course.
member
Activity: 121
Merit: 10
You can still place orders without funds. Just tried.
sr. member
Activity: 349
Merit: 250
If I remember correctly, MtGox is going to do some minor changes today.

https://mtgox.com/press_release_20130409.html

What are your thoughts about this and how it will (?) effect the price and the swings? Is this the end of Gox-lag?

Is this change already in effect?



+1

can anyone trading on Mt Gox verify this?
full member
Activity: 204
Merit: 100
It is supposed to help with lag, as the trading engine won't have to check if an order is funded.
Although lag is pretty much gone since the last 3 days, so I don't know what to make of it.
hero member
Activity: 634
Merit: 500
I believe this will have a strongly positive impact on confidence and the overall Bitcoin ecosystem. I can't say what it will do to the price, but my guess is more stability.
b!z
legendary
Activity: 1582
Merit: 1010
The idea is that it should reduce lag, although we have no idea how well it will work in practice.
full member
Activity: 224
Merit: 100
If I remember correctly, MtGox is going to do some minor changes today.

https://mtgox.com/press_release_20130409.html
Quote
TOKYO - JAPAN - April 09, 2013   Orders will only be accepted when there are enough funds available in your wallet!

Dear users, starting on April 17th we will be rolling out a minor change on how people place orders via the Mt.Gox interface. Until recently, anyone could place a buy or sell order for Bitcoin, regardless of how much funds were actually available in their wallet, resulting in an order showing a "Not enough funds" error status in the Open Orders list.

Starting on April 17th, this counter productive scenario will no longer be possible and will be automatically rejected before validating your order; until you have enough funds in your wallet to match the order value.  While this change should only affect a minority of users, it will however have a major impact on our trading platform and improve our system overall performance. 

Regards
Mt.Gox Co. Ltd Team.

What are your thoughts about this and how it will (?) effect the price and the swings? Is this the end of Gox-lag?

Is this change already in effect?

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