code.vegaprotocol.io/vega@v0.79.0/core/integration/features/verified/0041-TSK-target_stake.feature (about) 1 Feature: Target stake 2 Background: 3 Given the simple risk model named "simple-risk-model-1": 4 | long | short | max move up | min move down | probability of trading | 5 | 0.1 | 0.1 | 10 | -10 | 0.1 | 6 And the following network parameters are set: 7 | name | value | 8 | network.markPriceUpdateMaximumFrequency | 0s | 9 | limits.markets.maxPeggedOrders | 16 | 10 # Market risk parameters and assets don't really matter. 11 # We need to track open interest i.e. sum of all long positions across the parties and how they change over time 12 And the log normal risk model named "log-normal-risk-model-1": 13 | risk aversion | tau | mu | r | sigma | 14 | 0.000001 | 0.00011407711613050422 | -1 | -1 | -1 | 15 And the fees configuration named "fees-config-1": 16 | maker fee | infrastructure fee | 17 | 0.00025 | 0.0005 | 18 And the margin calculator named "margin-calculator-1": 19 | search factor | initial factor | release factor | 20 | 1.1 | 1.2 | 1.4 | 21 And the markets: 22 | id | quote name | asset | risk model | margin calculator | auction duration | fees | price monitoring | data source config | linear slippage factor | quadratic slippage factor | sla params | 23 | ETH/DEC21 | BTC | BTC | simple-risk-model-1 | default-margin-calculator | 1 | fees-config-1 | default-none | default-eth-for-future | 0.25 | 0 | default-futures | 24 And the average block duration is "1" 25 26 # T0 27 And time is updated to "2021-03-08T00:00:00Z" 28 29 # setup accounts 30 Given the parties deposit on asset's general account the following amount: 31 | party | asset | amount | 32 | lp_1 | BTC | 100000000 | 33 | lp_2 | BTC | 100000000 | 34 | lp_3 | BTC | 100000000 | 35 | lp_4 | BTC | 100000000 | 36 | lp_5 | BTC | 100000000 | 37 | lp_6 | BTC | 100000000 | 38 | lp_7 | BTC | 100000000 | 39 | lp_8 | BTC | 100000000 | 40 | tt_1 | BTC | 100000000 | 41 | tt_2 | BTC | 100000000 | 42 | tt_3 | BTC | 100000000 | 43 | tt_4 | BTC | 100000000 | 44 45 Scenario: Max open interest changes over time (0041-TSTK-002, 0041-TSTK-003, 0042-LIQF-007) 46 47 Given the liquidity monitoring parameters: 48 | name | triggering ratio | time window | scaling factor | 49 | updated-lqm-params | 0.0 | 10s | 1.5 | 50 When the markets are updated: 51 | id | liquidity monitoring | linear slippage factor | quadratic slippage factor | 52 | ETH/DEC21 | updated-lqm-params | 0.25 | 0 | 53 54 # put some volume on the book so that others can increase their 55 # positions and close out if needed too 56 When the parties place the following orders: 57 | party | market id | side | volume | price | resulting trades | type | tif | reference | 58 | lp_1 | ETH/DEC21 | buy | 1000 | 90 | 0 | TYPE_LIMIT | TIF_GTC | lp_1_0 | 59 | lp_1 | ETH/DEC21 | sell | 1000 | 110 | 0 | TYPE_LIMIT | TIF_GTC | lp_1_1 | 60 61 # nothing should have traded yet 62 Then the mark price should be "0" for the market "ETH/DEC21" 63 64 # Traders 1, 2, 3 go long 65 When the parties place the following orders: 66 | party | market id | side | volume | price | resulting trades | type | tif | reference | 67 | tt_1 | ETH/DEC21 | buy | 10 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_1_0 | 68 | tt_2 | ETH/DEC21 | buy | 20 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_2_0 | 69 | tt_3 | ETH/DEC21 | buy | 30 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_2_0 | 70 71 Then the parties submit the following liquidity provision: 72 | id | party | market id | commitment amount | fee | lp type | 73 | lp1 | lp_1 | ETH/DEC21 | 135 | 0.001 | submission | 74 | lp1 | lp_1 | ETH/DEC21 | 135 | 0.001 | amendment | 75 | lp2 | lp_2 | ETH/DEC21 | 165 | 0.002 | submission | 76 | lp2 | lp_2 | ETH/DEC21 | 165 | 0.002 | amendment | 77 | lp3 | lp_3 | ETH/DEC21 | 300 | 0.003 | submission | 78 | lp3 | lp_3 | ETH/DEC21 | 300 | 0.003 | amendment | 79 | lp4 | lp_4 | ETH/DEC21 | 300 | 0.004 | submission | 80 | lp4 | lp_4 | ETH/DEC21 | 300 | 0.004 | amendment | 81 | lp5 | lp_5 | ETH/DEC21 | 500 | 0.005 | submission | 82 | lp5 | lp_5 | ETH/DEC21 | 500 | 0.005 | amendment | 83 | lp6 | lp_6 | ETH/DEC21 | 300 | 0.006 | submission | 84 | lp6 | lp_6 | ETH/DEC21 | 300 | 0.006 | amendment | 85 | lp7 | lp_7 | ETH/DEC21 | 200 | 0.007 | submission | 86 | lp7 | lp_7 | ETH/DEC21 | 200 | 0.007 | amendment | 87 | lp8 | lp_8 | ETH/DEC21 | 100 | 0.008 | submission | 88 | lp8 | lp_8 | ETH/DEC21 | 100 | 0.008 | amendment | 89 And the parties place the following pegged iceberg orders: 90 | party | market id | peak size | minimum visible size | side | pegged reference | volume | offset | 91 | lp_1 | ETH/DEC21 | 2 | 1 | buy | BID | 1 | 10 | 92 | lp_1 | ETH/DEC21 | 2 | 1 | sell | ASK | 1 | 10 | 93 | lp_2 | ETH/DEC21 | 2 | 1 | buy | BID | 1 | 10 | 94 | lp_2 | ETH/DEC21 | 2 | 1 | sell | ASK | 1 | 10 | 95 | lp_3 | ETH/DEC21 | 2 | 1 | buy | BID | 1 | 10 | 96 | lp_3 | ETH/DEC21 | 2 | 1 | sell | ASK | 1 | 10 | 97 | lp_4 | ETH/DEC21 | 2 | 1 | buy | BID | 1 | 10 | 98 | lp_4 | ETH/DEC21 | 2 | 1 | sell | ASK | 1 | 10 | 99 | lp_5 | ETH/DEC21 | 2 | 1 | buy | BID | 1 | 10 | 100 | lp_5 | ETH/DEC21 | 2 | 1 | sell | ASK | 1 | 10 | 101 | lp_6 | ETH/DEC21 | 2 | 1 | buy | BID | 1 | 10 | 102 | lp_6 | ETH/DEC21 | 2 | 1 | sell | ASK | 1 | 10 | 103 | lp_7 | ETH/DEC21 | 2 | 1 | buy | BID | 1 | 10 | 104 | lp_7 | ETH/DEC21 | 2 | 1 | sell | ASK | 1 | 10 | 105 | lp_8 | ETH/DEC21 | 2 | 1 | buy | BID | 1 | 10 | 106 | lp_8 | ETH/DEC21 | 2 | 1 | sell | ASK | 1 | 10 | 107 108 Then the opening auction period ends for market "ETH/DEC21" 109 110 # Now parties 1,2,3 are long so open intereset = 10+20+30 = 60. 111 # Target stake is mark_price x max_oi x target_stake_scaling_factor x rf_short 112 # rf_short should have been set above to 0.1 113 # target_stake = 110 x 60 x 1.5 x 0.1 114 Then the market data for the market "ETH/DEC21" should be: 115 | mark price | trading mode | auction trigger | target stake | supplied stake | open interest | 116 | 110 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 990 | 2000 | 60 | 117 And the liquidity fee factor should be "0.005" for the market "ETH/DEC21" 118 # T0 + 1s 119 Then the network moves ahead "1" blocks 120 121 # Trader 3 closes out 20 122 When the parties place the following orders with ticks: 123 | party | market id | side | volume | price | resulting trades | type | tif | reference | 124 | tt_3 | ETH/DEC21 | sell | 20 | 90 | 1 | TYPE_LIMIT | TIF_GTC | tt_2_1 | 125 126 # the maximum oi over the last 10s is still unchanged 127 # target_stake = 90 x 60 x 1.5 x 0.1 = 810 128 Then the market data for the market "ETH/DEC21" should be: 129 | mark price | trading mode | auction trigger | target stake | supplied stake | open interest | 130 | 90 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 810 | 2000 | 40 | 131 And the liquidity fee factor should be "0.004" for the market "ETH/DEC21" 132 133 # T0 + 10s 134 Then the network moves ahead "10" blocks 135 # now the peak of 60 should have passed from window 136 # target_stake = 90 x 40 x 1.5 x 0.1 = 540 137 And the target stake should be "540" for the market "ETH/DEC21" 138 139 When the parties place the following orders with ticks: 140 | party | market id | side | volume | price | resulting trades | type | tif | reference | 141 | tt_3 | ETH/DEC21 | sell | 10 | 90 | 1 | TYPE_LIMIT | TIF_GTC | tt_2_1 | 142 143 # target stake should be: 90 x 40 x 1.5 x 0.1 = 540 144 Then the market data for the market "ETH/DEC21" should be: 145 | mark price | trading mode | auction trigger | target stake | supplied stake | open interest | 146 | 90 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 540 | 2000 | 30 | 147 And the liquidity fee factor should be "0.003" for the market "ETH/DEC21" 148 149 # target stake should be: 90 x 40 x 1.5 x 0.1 = 540 150 And the target stake should be "540" for the market "ETH/DEC21" 151 And the liquidity fee factor should be "0.003" for the market "ETH/DEC21" 152 153 Then the network moves ahead "1" blocks 154 # target stake should be: 90 x 30 x 1.5 x 0.1 = 405 155 And the target stake should be "405" for the market "ETH/DEC21" 156 And the liquidity fee factor should be "0.003" for the market "ETH/DEC21" 157 158 # Move time 4x the window, the target stake remain unchanged as we rely on last value even if it drops outside the window (that's still what OI is) 159 Then the network moves ahead "40" blocks 160 And the target stake should be "405" for the market "ETH/DEC21" 161 And the liquidity fee factor should be "0.003" for the market "ETH/DEC21" 162 163 When the parties place the following orders with ticks: 164 | party | market id | side | volume | price | resulting trades | type | tif | 165 | tt_1 | ETH/DEC21 | sell | 10 | 90 | 1 | TYPE_LIMIT | TIF_GTC | 166 # target stake is: 90 x 20 x 1.5 x 0.1 = 270 as now the max OI within the window is 20 167 Then the market data for the market "ETH/DEC21" should be: 168 | mark price | trading mode | auction trigger | target stake | supplied stake | open interest | 169 | 90 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 270 | 2000 | 20 | 170 And the liquidity fee factor should be "0.002" for the market "ETH/DEC21" 171 172 When the parties place the following orders with ticks: 173 | party | market id | side | volume | price | resulting trades | type | tif | 174 | tt_2 | ETH/DEC21 | sell | 20 | 90 | 1 | TYPE_LIMIT | TIF_GTC | 175 # OI is now 0, but target stake remains unchanged as max OI of 20 is still within the window 176 Then the market data for the market "ETH/DEC21" should be: 177 | mark price | trading mode | auction trigger | target stake | supplied stake | open interest | 178 | 90 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 270 | 2000 | 0 | 179 And the liquidity fee factor should be "0.002" for the market "ETH/DEC21" 180 181 # target stake remain unchanged as open interest of 20 and 0 where both recorded with the same timestamp 182 Then the network moves ahead "10" blocks 183 And the target stake should be "270" for the market "ETH/DEC21" 184 And the liquidity fee factor should be "0.002" for the market "ETH/DEC21" 185 186 When the parties place the following orders: 187 | party | market id | side | volume | price | resulting trades | type | tif | 188 | tt_2 | ETH/DEC21 | sell | 5 | 0 | 1 | TYPE_MARKET | TIF_FOK | 189 | tt_2 | ETH/DEC21 | sell | 5 | 0 | 1 | TYPE_MARKET | TIF_FOK | 190 191 Then the network moves ahead "1" blocks 192 And the market data for the market "ETH/DEC21" should be: 193 | mark price | trading mode | auction trigger | target stake | supplied stake | open interest | 194 | 90 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 135 | 2000 | 10 | 195 And the liquidity fee factor should be "0.001" for the market "ETH/DEC21" 196 197 When the parties place the following orders with ticks: 198 | party | market id | side | volume | price | resulting trades | type | tif | 199 | tt_2 | ETH/DEC21 | buy | 10 | 0 | 1 | TYPE_MARKET | TIF_FOK | 200 201 Then the market data for the market "ETH/DEC21" should be: 202 | mark price | last traded price | trading mode | auction trigger | target stake | supplied stake | open interest | 203 | 110 | 110 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 165 | 2000 | 0 | 204 And the liquidity fee factor should be "0.002" for the market "ETH/DEC21" 205 206 # O is now the last recorded open interest so target stake should drop to 0 207 Then the network moves ahead "10" blocks 208 And the market data for the market "ETH/DEC21" should be: 209 | mark price | trading mode | auction trigger | target stake | supplied stake | open interest | 210 | 110 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 0 | 2000 | 0 | 211 And the liquidity fee factor should be "0.001" for the market "ETH/DEC21" 212 213 Scenario: Max open interest changes over time, testing change of timewindow (0041-TSTK-001; 0041-TSTK-004; 0041-TSTK-005) 214 215 Given the liquidity monitoring parameters: 216 | name | triggering ratio | time window | scaling factor | 217 | updated-lqm-params | 0.0 | 20s | 1.5 | 218 When the markets are updated: 219 | id | liquidity monitoring | linear slippage factor | quadratic slippage factor | 220 | ETH/DEC21 | updated-lqm-params | 0.25 | 0 | 221 222 # put some volume on the book so that others can increase their 223 # positions and close out if needed too 224 When the parties place the following orders: 225 | party | market id | side | volume | price | resulting trades | type | tif | reference | 226 | lp_1 | ETH/DEC21 | buy | 1000 | 90 | 0 | TYPE_LIMIT | TIF_GTC | lp_1_0 | 227 | lp_1 | ETH/DEC21 | sell | 1000 | 110 | 0 | TYPE_LIMIT | TIF_GTC | lp_1_1 | 228 229 And the parties submit the following liquidity provision: 230 | id | party | market id | commitment amount | fee | lp type | 231 | lp1 | lp_1 | ETH/DEC21 | 2000 | 0.001 | submission | 232 | lp1 | lp_1 | ETH/DEC21 | 2000 | 0.001 | submission | 233 And the parties place the following pegged iceberg orders: 234 | party | market id | peak size | minimum visible size | side | pegged reference | volume | offset | 235 | lp_1 | ETH/DEC21 | 2 | 1 | sell | ASK | 1 | 20 | 236 | lp_1 | ETH/DEC21 | 2 | 1 | buy | BID | 1 | -20 | 237 # nothing should have traded, we have mark price set apriori or 238 # due to auction closing. 239 Then the mark price should be "0" for the market "ETH/DEC21" 240 241 # Traders 1, 2, 3 go long 242 When the parties place the following orders: 243 | party | market id | side | volume | price | resulting trades | type | tif | reference | 244 | tt_1 | ETH/DEC21 | buy | 10 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_1_0 | 245 | tt_2 | ETH/DEC21 | buy | 20 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_2_0 | 246 | tt_3 | ETH/DEC21 | buy | 30 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_2_0 | 247 248 Then the opening auction period ends for market "ETH/DEC21" 249 250 # So now parties 1,2,3 are long 10+20+30 = 60 open interest. 251 # Target stake is mark_price x max_oi x target_stake_scaling_factor x rf_short 252 # rf_short should have been set above to 0.1 253 # target_stake = 110 x 60 x 1.5 x 0.1 254 And the market data for the market "ETH/DEC21" should be: 255 | mark price | trading mode | target stake | supplied stake | open interest | 256 | 110 | TRADING_MODE_CONTINUOUS | 990 | 2000 | 60 | 257 258 # T0 + 1s 259 Then the network moves ahead "1" blocks 260 261 # Trader 3 closes out 20 262 When the parties place the following orders with ticks: 263 | party | market id | side | volume | price | resulting trades | type | tif | reference | 264 | tt_3 | ETH/DEC21 | sell | 20 | 90 | 1 | TYPE_LIMIT | TIF_GTC | tt_2_1 | 265 266 # the maximum oi over the last 20s is still unchanged 267 # target_stake = 90 x 60 x 1.5 x 0.1 = 810 268 Then the market data for the market "ETH/DEC21" should be: 269 | mark price | last traded price | trading mode | auction trigger | target stake | supplied stake | open interest | 270 | 90 | 90 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 810 | 2000 | 40 | 271 272 # T0 + 10s 273 Then the network moves ahead "10" blocks 274 # the max_io stays the same as previous timestep as the timeWindow is bigger in this scenario (20s days instead of 10s) 275 # target_stake = 90 x 60 x 1.5 x 0.1 = 810 276 And the target stake should be "810" for the market "ETH/DEC21" 277 278 Then the network moves ahead "10" blocks 279 # target_stake = 90 x 40 x 1.5 x 0.1 = 540 280 And the target stake should be "540" for the market "ETH/DEC21" 281 282 When the parties place the following orders with ticks: 283 | party | market id | side | volume | price | resulting trades | type | tif | reference | 284 | tt_1 | ETH/DEC21 | buy | 100 | 110 | 1 | TYPE_LIMIT | TIF_GTC | lp_1_0 | 285 Then the mark price should be "110" for the market "ETH/DEC21" 286 287 # max_io=10+20+30-20+100=140 288 # target_stake = 110 x 140 x 1.5 x 0.1=2310 289 And the target stake should be "2310" for the market "ETH/DEC21" 290 291 Given the liquidity monitoring parameters: 292 | name | triggering ratio | time window | scaling factor | 293 | updated-lqm-params | 0.0 | 10s | 1 | 294 When the markets are updated: 295 | id | liquidity monitoring | linear slippage factor | quadratic slippage factor | 296 | ETH/DEC21 | updated-lqm-params | 0.25 | 0 | 297 298 # target_stake = 110 x 140 x 1 x 0.1 =1540 299 And the target stake should be "1540" for the market "ETH/DEC21" 300 301 When the parties place the following orders with ticks: 302 | party | market id | side | volume | price | resulting trades | type | tif | reference | 303 | tt_1 | ETH/DEC21 | buy | 30 | 110 | 1 | TYPE_LIMIT | TIF_GTC | tt_1_0 | 304 305 # target_stake = 110 x (140+30) x 170 x 1 x 0.1=1870 306 And the target stake should be "1870" for the market "ETH/DEC21" 307 308 Scenario: Target stake is calculate correctly during auction in presence of wash trades 309 310 Given the liquidity monitoring parameters: 311 | name | triggering ratio | time window | scaling factor | 312 | updated-lqm-params | 0.0 | 10s | 1 | 313 When the markets are updated: 314 | id | liquidity monitoring | linear slippage factor | quadratic slippage factor | 315 | ETH/DEC21 | updated-lqm-params | 0.25 | 0 | 316 317 When the parties place the following orders: 318 | party | market id | side | volume | price | resulting trades | type | tif | reference | 319 | lp_1 | ETH/DEC21 | buy | 1000 | 90 | 0 | TYPE_LIMIT | TIF_GTC | lp_1_0 | 320 | lp_1 | ETH/DEC21 | sell | 1000 | 200 | 0 | TYPE_LIMIT | TIF_GTC | lp_1_1 | 321 322 Then the mark price should be "0" for the market "ETH/DEC21" 323 324 When the parties place the following orders: 325 | party | market id | side | volume | price | resulting trades | type | tif | reference | 326 | tt_1 | ETH/DEC21 | sell | 50 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_1_0 | 327 | tt_2 | ETH/DEC21 | buy | 20 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_2_0 | 328 | tt_3 | ETH/DEC21 | buy | 30 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_2_0 | 329 330 And the market data for the market "ETH/DEC21" should be: 331 | trading mode | auction trigger | target stake | supplied stake | open interest | 332 | TRADING_MODE_OPENING_AUCTION | AUCTION_TRIGGER_OPENING | 550 | 0 | 0 | 333 334 Then the parties submit the following liquidity provision: 335 | id | party | market id | commitment amount | fee | lp type | 336 | lp1 | lp_1 | ETH/DEC21 | 2000 | 0.001 | submission | 337 | lp1 | lp_1 | ETH/DEC21 | 2000 | 0.001 | amendment | 338 And the parties place the following pegged iceberg orders: 339 | party | market id | peak size | minimum visible size | side | pegged reference | volume | offset | 340 | lp_1 | ETH/DEC21 | 2 | 1 | buy | BID | 1 | 10 | 341 | lp_1 | ETH/DEC21 | 2 | 1 | sell | ASK | 1 | 10 | 342 # Add wash trades 343 When the parties place the following orders: 344 | party | market id | side | volume | price | resulting trades | type | tif | reference | 345 | tt_4 | ETH/DEC21 | sell | 40 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_4_0 | 346 | tt_4 | ETH/DEC21 | buy | 40 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_4_1 | 347 348 # Check that target stake is unchanged 349 Then the market data for the market "ETH/DEC21" should be: 350 | mark price | trading mode | auction trigger | target stake | supplied stake | open interest | 351 | 0 | TRADING_MODE_OPENING_AUCTION | AUCTION_TRIGGER_OPENING | 550 | 2000 | 0 | 352 353 Then the opening auction period ends for market "ETH/DEC21" 354 355 Then the market data for the market "ETH/DEC21" should be: 356 | mark price | trading mode | auction trigger | target stake | supplied stake | open interest | 357 | 110 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 550 | 2000 | 50 | 358 359 Scenario: Target stake can drop during auction 360 361 Given the liquidity monitoring parameters: 362 | name | triggering ratio | time window | scaling factor | 363 | updated-lqm-params | 1.0 | 10s | 1 | 364 When the markets are updated: 365 | id | liquidity monitoring | linear slippage factor | quadratic slippage factor | 366 | ETH/DEC21 | updated-lqm-params | 0.25 | 0 | 367 And the parties place the following orders: 368 | party | market id | side | volume | price | resulting trades | type | tif | reference | 369 | lp_1 | ETH/DEC21 | buy | 1000 | 90 | 0 | TYPE_LIMIT | TIF_GTC | lp_1_0 | 370 | lp_1 | ETH/DEC21 | sell | 1000 | 200 | 0 | TYPE_LIMIT | TIF_GTC | lp_1_1 | 371 Then the mark price should be "0" for the market "ETH/DEC21" 372 373 When the parties place the following orders: 374 | party | market id | side | volume | price | resulting trades | type | tif | reference | 375 | tt_1 | ETH/DEC21 | sell | 50 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_1_0 | 376 | tt_2 | ETH/DEC21 | buy | 20 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_2_0 | 377 | tt_3 | ETH/DEC21 | buy | 30 | 110 | 0 | TYPE_LIMIT | TIF_GTC | tt_2_0 | 378 And the market data for the market "ETH/DEC21" should be: 379 | trading mode | auction trigger | target stake | supplied stake | open interest | 380 | TRADING_MODE_OPENING_AUCTION | AUCTION_TRIGGER_OPENING | 550 | 0 | 0 | 381 And the parties submit the following liquidity provision: 382 | id | party | market id | commitment amount | fee | lp type | 383 | lp1 | lp_1 | ETH/DEC21 | 1000 | 0.001 | submission | 384 | lp1 | lp_1 | ETH/DEC21 | 1000 | 0.001 | amendment | 385 And the parties place the following pegged iceberg orders: 386 | party | market id | peak size | minimum visible size | side | pegged reference | volume | offset | 387 | lp_1 | ETH/DEC21 | 2 | 1 | buy | BID | 1 | 10 | 388 | lp_1 | ETH/DEC21 | 2 | 1 | sell | ASK | 1 | 10 | 389 And the opening auction period ends for market "ETH/DEC21" 390 Then the market data for the market "ETH/DEC21" should be: 391 | mark price | trading mode | auction trigger | target stake | supplied stake | open interest | 392 | 110 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 550 | 1000 | 50 | 393 394 When the network moves ahead "5" blocks 395 And the parties place the following orders: 396 | party | market id | side | volume | price | resulting trades | type | tif | 397 | tt_1 | ETH/DEC21 | sell | 50 | 110 | 0 | TYPE_LIMIT | TIF_GTC | 398 | tt_2 | ETH/DEC21 | buy | 50 | 110 | 1 | TYPE_LIMIT | TIF_GTC | 399 And the market data for the market "ETH/DEC21" should be: 400 | mark price | trading mode | auction trigger | target stake | supplied stake | open interest | 401 | 110 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 1100 | 1000 | 100 | 402 403 When the network moves ahead "1" blocks 404 Then the parties place the following orders: 405 | party | market id | side | volume | price | resulting trades | type | tif | 406 | tt_1 | ETH/DEC21 | buy | 50 | 110 | 0 | TYPE_LIMIT | TIF_GTC | 407 | tt_2 | ETH/DEC21 | sell | 50 | 110 | 1 | TYPE_LIMIT | TIF_GTC | 408 409 When the network moves ahead "1" blocks 410 Then the market data for the market "ETH/DEC21" should be: 411 | mark price | trading mode | auction trigger | target stake | supplied stake | open interest | 412 | 110 | TRADING_MODE_CONTINUOUS | AUCTION_TRIGGER_UNSPECIFIED | 1100 | 1000 | 50 |