Getting Started
A GTD order has two clocks
A Good-Till-Date order has the expiration you request and an earlier safety threshold used by the order system. Log both clocks before relying on…
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Market Watch
Posted liquidity is not rebate-eligible liquidity
Maker rebates are tied to liquidity that is actually taken and filled. Separate time on the book from executed liquidity, then compare the payout…
Market Watch
A rebate is a trade rule, not a trading thesis
A taker rebate can change the economics of a filled order, but it does not turn volume into a market view. Track the rolling…
Market Watch
Every fill changes the inventory budget
A quote is also an inventory decision. Each fill changes outcome-token exposure and the pUSD or tokens available for the next order, so sizing…
Platform Notes
A WebSocket reconnect is a state reset, not a resume
A real-time user stream reports order and trade changes, but it does not replay everything missed during a disconnect. Refresh authoritative account state before…
Platform Notes
A matching-engine restart changes the execution checklist
During a matching-engine restart, order actions can be rejected and the engine can return in post-only mode. Pause safely, honor server delays, and inspect…
Platform Notes
A session key is a permission boundary, not a second wallet
Session keys can let an integration sign scoped trading requests without turning automation into a second wallet. Treat scope, expiry, and owner reconciliation as…
Platform Notes
An order heartbeat is a safety stop
A CLOB heartbeat can cancel resting orders when a trading process stops responding. Treat the timeout as a risk control with its own monitoring…