Market synchronization
There are two types of markets that can be configured on the exchange:
liquidity provider markets, which are available within a liquidity provider’s ecosystem (MarksMan markets are connected to the exchange by default); correct operation of such markets (supply of quotes and execution of orders) is guaranteed by the liquidity provider
custom markets, which are configured manually on the exchange and typically include custom token markets, cross-markets and tailored markets with custom names
Markets of these types can be linked with one another, determining their subsequent operation on the exchange.
Custom markets can be subscribed to liquidity provider markets manually or automatically, so that instruments available on the exchange become linked with instruments offered by a liquidity provider to supply quotes according to the instrument name, as well as execute and hedge orders placed on the exchange.
By synchronizing the data between the exchange and connected liquidity providers, it is possible to check market availability on a liquidity provider platform in real time.
Market subscription cannot be reverted: once custom instruments, such as custom coins, are subscribed to a specific instrument offered by a liquidity provider, they cannot be unsubscribed from it.
If an instrument that is being subscribed to gets delisted on a liquidity provider platform, a liquidity provider market previously configured on the exchange automatically becomes a custom market, and quotes are no longer supplied for it. If such a market was used for hedging orders, the corresponding hedging strategy must be subsequently revised.