Glossary
Potential Fee
The Potential Fee associated with an Open Position is the max possible fee the player will pay assuming the market expires YES for a Long Position or NO for a Short Position. Fees are only deducted after a profitable settlement occurs, so the ...
Account Balance
A Player’s Account Balance is the amount of funds held in their Account (if any), plus any winnings and/or minus any losses accrued through Settlements, less any Fees, if applicable, and less any amounts previously Withdrawn by the Player or amounts ...
Portfolio Value
A Player’s Portfolio Value is the current real money value of all of their holdings based on Market Prices. Their holdings include Available Balance, Open Positions, and Open Orders.
Available Balance
A Player’s Available Balance is the amount they have available to use in new Orders. It is the cash on hand that is not already tied up in other liability incurring Orders or Positions.
In Order Liability
A Player’s In Orders is the aggregate amount of risk they currently hold in Open Orders. While these Orders have not yet been matched, they are tied up in case a match occurs. If the Orders get cancelled the escrowed funds are returned to Player's ...
Position Risk
A Player’s Position Risk is the aggregate amount of risk they currently hold in Open Positions.
Smart Wallet
The STX Player Account Management System utilizes a proprietary Smart Wallet that frees up a Player’s Available Balance. For example, if the execution of an Open Order would result in a profitable settlement for the Player, the risk associated with ...
Orders
On STX, players must place orders in order to execute a wager. Players wager by placing buy or sell orders in a specific market using any available funds in their account. When a player's order is matched by another player's order (equal price but ...
Positions
An open position is created whenever a player has an unbalanced number of buy wagers vs. sell wagers in a given market. If a player has bought more contracts than they have sold, they want the price to go up and the market to result as YES to be ...
Settlements
Settlements occur when a player's Open Position gets closed. This can occur in two ways: Closing Settlements occur when a player has an Open Position in a market, and they execute a wager that counteracts their Open Position. A Bought Position can be ...
0 to 100 Pricing
STX shows prices on a 0 to 100 scale. Each market in the STX platform takes the form of a question that results in either a YES or NO. If the answer to the question is YES, contracts for that market will expire worth $100, and if the answer is NO, ...