Markets at a glance
Perpetual trading, deterministic off-chain execution and settlement on Canton.
What is Edel Markets?
What is Edel Markets?
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Edel Markets brings market discovery, order entry and account management into one perpetuals terminal. Its off-chain engine matches eligible orders, applies risk controls and commits the results. Canton then settles the resulting obligations asynchronously.
The trading experience. Review prices, depth and charts, prepare an order, then follow orders, fills and positions. The current market catalogue supplies each contract’s availability and risk parameters.
The execution engine. Matching and risk checks run off-chain. Execution waits for durable commitment, without waiting for Canton settlement.
The settlement layer. Committed obligations are netted into batches and settled on Canton. The trading response and ledger confirmation are distinct stages of the same lifecycle.
For integration concepts, see the Edel Markets integration overview.
Devnet, Testnet and Mainnet
Edel Markets is running on Devnet. Testnet and Mainnet are coming soon and are not available for trading or funding. The environment determines your endpoints, credentials, account identifiers, market catalogue and funding capabilities.
Use the API environments and endpoints reference to configure an integration. Confirm the environment shown by the application before connecting or funding; a published API schema or hostname does not establish that a network has launched.
Perpetual markets have a 24/7 trading schedule. Individual market status, stale reference data, account readiness and venue controls can still restrict an action.
| Environment | Status | Access |
|---|---|---|
| Devnet | Available for development | Use the Devnet endpoints and account access supplied by Edel. Check enabled markets and funding capabilities. |
| Testnet | Coming soon | Trading and funding are not yet available. The REST hostname is listed in the environment reference for configuration planning. |
| Mainnet | Coming soon | The production venue has not launched. The documented REST host is not an availability announcement. |
Trade perpetual price exposure
Edel Markets combines an order-book trading terminal with off-chain matching, risk and funding calculations. Collateral is held and obligations settle on Canton. Orders execute and commit off-chain without waiting for a blockchain settlement confirmation, while risk checks and durable recording protect the execution process.
Perpetuals provide long or short price exposure without a scheduled expiry. They do not confer ownership of the underlying stock, cryptocurrency or commodity. Edel Markets is a perpetuals venue; Edel Stocks is a separate product, and using eligible Stocks as Markets collateral is planned. Start with Your first trade, or explore the system architecture.
Watch the technical overview
Follow the terminal, off-chain execution, account state and Canton settlement in one walkthrough. The sections below explain each system and its role in the trading lifecycle.
Exposure, not delivery of an asset
A perpetual is a derivative with no scheduled expiry. A long position benefits when the relevant market price rises; a short position benefits when it falls, before fees and funding. The position is supported by collateral and remains subject to margin requirements.
Trading an equity-referenced perpetual does not make you a shareholder. Buying a perpetual is also different from holding a spot asset or an Edel Stocks token. Edel Markets offers perpetuals, not spot trading.
Each market defines its own rules
The current market catalog, detail view and order preview determine what can be submitted. Check the market identifier, quantity step, price tick, minimum size, supported order options and risk limits. Do not reuse another market's leverage or precision assumptions.
Perpetual markets are designed for 24/7 trading, including equity-referenced perpetuals. A closed reference exchange can still affect price information and liquidity; always-on order entry is not a promise of constant spreads, fills or fresh external prices.
From instruction to account activity
An order and a position are different things. A submitted limit order may rest in the book without creating a position. A partial fill can create or change a position while an unfilled remainder remains open.
Accepted does not mean filled. Filled does not by itself mean every historical view or settlement record has caught up.
Use the right price for the question
Last price describes a recent execution. Index price represents a reference value. Mark price is the venue's position valuation reference. They serve different purposes and can differ.
A chart's selected candle series is another explicit choice. Do not assume the last chart close, a market-order execution estimate and the mark price are interchangeable. See Charts and Margin and liquidation.
Learn the controls before adding exposure
Read Market and limit orders, Order options, Take profit and stop loss, and Funding and fees. Then review how to close a position and withdraw.