Trading on Vega
The Vega protocol software is built to provide a framework for creating markets for trading financial instruments that are based on the values of their underlying assets. All markets created using the Vega protocol have been initiated and voted on by tokenholders. To start, the Vega protocol supports creating cash-settled futures and perpetuals markets. (Learn about cash settlement on Investopedia. ↗)
Participants that interact with a derivatives market created using Vega software can submit market, limit, pegged, and iceberg orders, and use stop orders to manage their positions.
The topics in this section are in progress and will continue to cover more of the trading framework.
This section covers derivatives trading concepts and parameters that can impact trading modes. If you understand basics and want to try out the Vega protocol for trading, use Vega Console ↗ for the Fairground network. You'll need to deposit testnet assets using Vega and Ethereum wallets.
📄️ Trading modes
Find out what trading modes the protocol supports.
📄️ Positions and margin
Dynamic margining maximises collateral usage and market solvency.
📄️ Fees and trading rewards
Trades can incur fees as well as get rewards.
📄️ Market protections
Read about how markets can trade safely, pseudonymously.
📄️ Orders
See the order types and when they're applicable for a market.
📄️ Settlement
The automated settlement process is facilitated by the protocol.
📄️ Market lifecycle
See every stage possible for a proposed or live market.
📄️ Data sourcing
Vega's data sourcing framework is the system that enables the acquisition and consumption of data by the Vega protocol, for example, for terminating trading at expiry or settling markets. It consists of a number of source types, initially including off-chain data signed by a known key and data from Vega itself. In future it will include more data types and sources, as well as the ability to source data from other chains, starting with Ethereum.