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.

Currently, the Vega protocol supports creating the following cash-settled products:

• futures markets
• perpetual futures markets

Learn about cash settlement on Investopedia. ↗

Participants that interact with a market created using Vega software can submit market, limit, pegged orders. They can also act as market makers in exchange for a portion of the fees by submitting the liquidity commitment transaction and fulfilling the requirements associated with it.

Try it out

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.

📄️ Market types

Understand the products supported by the network.

📄️ Trading modes

Find out what trading modes the protocol supports.

📄️ Positions and margin

Dynamic margining maximises collateral usage and market solvency.

📄️ Fees

Trades and transfers can incur fees.

📄️ Discounts and rewards

Traders can get discounts on fees and 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 enables the Vega protocol to acquire and consume data, for example, to settle a market, or to terminate trading at a market's expiry.