Adjust fees on trades into
iLINK from 100 bp to 215 bp.
Proposing to adjust fees on trades into
iLINK to 215 bp as the increased leverage could result in a potential front-running gap.
iLINK fees were initially set at 100 bp, given that historically matching the link push frequency would not open any front-running gap. However, given the increase in leverage which currently stands at around 2.1x, fees need to be raised accordingly.
The leverage on
iLINK will be monitored and if the front-running gap were to recede, I would propose to lower fees back down. Furthermore, when
iLINK is reset, fees would be proposed to be lowered back down to current level.
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