XT.COM Futures has rolled out the Reverse Position feature. This new feature enables users to swiftly close their existing positions at the best market price when the market changes direction, while simultaneously opening an equivalent position in the opposite direction with the same leverage, contract, and quantity. This facilitates smooth transitions between long and short positions.
- The user's position will first be closed at the market price, followed by opening an equivalent position in the opposite direction. If there are insufficient funds to open the same quantity in the opposite direction, the reverse position cannot be created. Factors such as margin requirements and market conditions may affect the success of the reverse operation, and success is not guaranteed to be 100%.
- The Reverse Position feature is compatible with both perpetual and delivery contracts.
- Reverse operation with open orders: If there are open orders for the current position, the closing orders for the position will be canceled first. Subsequently, the position will be fully closed at the market price.