> For the complete documentation index, see [llms.txt](https://elvo-exchange.gitbook.io/elvo-exchange-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://elvo-exchange.gitbook.io/elvo-exchange-docs/trading/trading-overview.md). # Trading Overview Understand how trading works on Elvo Exchange, including Spot execution, order types, market data, fees, and trading activity. ## Trading Overview Understand how trading works on Elvo Exchange, including Spot execution, order types, market data, fees, and trading activity. ### Trading on Elvo Exchange Elvo Exchange currently provides **executable Spot trading** for supported tokenized stock markets quoted against **tUSDG**. Start from: [**Markets →**](https://elvo.exchange/markets) Select a market to open its Spot trading terminal. *** ### Spot Trading Spot trading allows you to buy or sell supported assets using balances held in your Elvo account. Current Spot markets include: * NVDA / tUSDG * TSLA / tUSDG * AAPL / tUSDG * MSFT / tUSDG * META / tUSDG * GOOGL / tUSDG * AMZN / tUSDG * COIN / tUSDG * SPY / tUSDG * QQQ / tUSDG Each market has its own trading rules, including quantity, price, and order-value requirements. *** ### How Spot Execution Works Elvo Spot trading uses an internal exchange order book. The execution flow is: **User Order → Elvo Order Book → Elvo Matching Engine → Elvo Account Settlement** Your Spot order is not sent to another exchange for execution. This means: * Elvo maintains its own executable order book * Orders are matched internally * Trades settle against Elvo account balances * A wallet signature is not required for every trade * Individual Spot trades do not create blockchain transaction hashes Blockchain interaction is used separately for funding operations such as deposits and withdrawals. *** ### Internal Liquidity Executable Spot liquidity comes from orders available inside the Elvo order book. This can include: * User Limit orders * Internal Elvo liquidity orders A Market order or crossing Limit order executes against available internal liquidity. If the requested amount is larger than the quantity available at one price level, the order may execute across multiple levels. *** ### Reference Market Data Elvo also uses external market data to provide market context. Reference information may be used for: * Charts * Reference prices * Market statistics * Mark or index context * Historical pricing * Market-order protection This external data is separate from the Elvo executable order book. > External reference liquidity is not presented as executable Elvo liquidity, and Elvo customer orders are not routed to the external reference provider. *** ### Trading Terminal The Spot trading terminal combines market information and order controls in one interface. Depending on the market and screen size, the terminal may include: * Price chart * Market statistics * Elvo order book * Recent Elvo trades * Buy and Sell controls * Available balances * Order type selection * Fee estimate * Open Orders * Order History * Trade History * TP / SL activity *** ### Elvo Order Book The order book displays executable internal Spot liquidity. It contains: #### Bids Buy orders currently available in the market. #### Asks Sell orders currently available in the market. The terminal may group price levels for easier viewing. Order-book quantities can change as orders are: * Added * Filled * Partially filled * Canceled * Replaced *** ### Recent Trades The Recent Trades view shows completed trades from the Elvo Spot market. These are actual internal Elvo fills, not external exchange trades. This is different from external reference market information displayed elsewhere in the terminal. *** ### Supported Order Types #### Market Attempts to execute immediately against available liquidity. Market orders use **IOC** behavior and do not remain resting on the order book. #### Limit Allows you to specify your desired price. An eligible Limit order can remain on the order book until it is filled or canceled. #### Take Profit A conditional order that becomes eligible when its configured trigger condition is reached. #### Stop Loss A conditional order designed to trigger when the configured stop condition is reached. #### OCO **One Cancels the Other** combines opposite conditional outcomes. When one eligible conditional leg triggers, the paired order is prevented from also executing as an active sibling leg. *** ### Market and Limit Orders A Market order prioritizes immediate execution against currently available liquidity. A Limit order gives you control over the execution price but may not fill immediately. A Limit order can also execute immediately if its price crosses available liquidity. In that situation, the order may act as a taker instead of a maker. *** ### Partial Fills Orders can be partially filled. For example, if an order requests 5 units but only 2 units are available at an executable price, part of the order may fill while the remaining quantity continues according to the order's conditions. The interface displays: **Filled / Total** to show execution progress. *** ### Trading Balances Trading uses your Elvo account balances. Your balance can include: #### Available Funds currently available for new trading or supported withdrawals. #### Locked Funds reserved for active trading orders. When you place an order, the required funds may be temporarily reserved. When an order is filled, canceled, or otherwise completed, the corresponding balance is settled or released. View balances from: [**Assets →**](https://elvo.exchange/assets) *** ### Trading Fees Current Spot trading fees are: | Liquidity Role | Fee | | -------------- | ----- | | **Maker** | 0.05% | | **Taker** | 0.10% | The actual fee depends on the role of each completed fill. #### Maker Adds liquidity to the Elvo order book. #### Taker Consumes existing liquidity from the Elvo order book. A single order may be evaluated according to its actual execution behavior. *** ### Trading Activity When signed in, the Spot terminal provides several activity views. #### Open Orders Active orders that have not reached a final state. Eligible orders can be canceled from this view. #### Order History Previous orders and their final status. #### Trade History Completed fills with details such as: * Market * Buy or Sell * Maker or Taker role * Execution price * Executed quantity * Trading fee * Net settlement * Execution time #### TP / SL Your active and previous conditional order activity. *** ### Orders Page You can review account-wide order activity from: [**Orders →**](https://elvo.exchange/orders) Successfully filled orders may also have an individual completed order record. A filled order record can include: * Order ID * Market * Side * Order type * Filled quantity * Original quantity * Average execution price * Limit price * Creation time * Completion time *** ### Market Rules Each Spot market has rules that protect consistent order handling. These can include: * Price tick size * Quantity step * Minimum quantity * Maximum quantity * Minimum order value * Maximum order value * Market status An order that does not satisfy the current market rules will not be accepted. *** ### Perpetual Markets Elvo also provides a **Perpetual reference interface**. Perpetual markets are currently **read-only** and are not part of executable Elvo trading. The Perpetual interface may display: * Price * Mark price * Index information * Funding reference data * Open interest * Depth * Recent trades * Charts * Maximum leverage metadata It does not currently support: * Perpetual order execution * Positions * Margin * Liquidation * Funding settlement Executable trading is currently provided through Elvo **Spot** markets. [**Open Spot Markets →**](https://elvo.exchange/markets) --- # Agent Instructions This documentation is published with GitBook. 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