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Binance Spot API Terms for Orders, Trading Data, and Execution

Article Binance API docs

Summary

This glossary explains terminology used by a spot-trading API, including market and limit orders, order states, balances, trade quantities, price fields, and time-in-force settings. It distinguishes base and quote assets, bid and ask data, and common order responses. It also describes linked order structures such as OCO, OTO, and OTOCO, where execution or activation of one order affects another.

Several entries concern execution and market access: self-trade prevention, smart order routing, order-book status, trading-pair states, and user data streams. The glossary is explicitly scoped to spot trading; equivalent contract or options API terms may differ. It defines fields and behaviors at a high level but does not provide a complete API workflow, trading strategy, or performance evidence. Some entries refer readers to separate documentation for details, so the material is best used as a terminology reference when interpreting spot API requests and responses.

Key ideas

  • Base and quote assets identify the two components of a spot trading pair.
  • Order types and time-in-force settings determine how orders execute and remain active.
  • OCO, OTO, and OTOCO link orders so one execution can cancel or activate others.
  • Self-trade prevention can stop trades between accounts in the same group.
  • The glossary applies to spot trading, and related API terminology may differ for other products.

Tags

Spot marketsExecutionMarket microstructure

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.