Last Updated: January 30, 2026

PAX Trading Rules

Coming Soon

The PAX Trading Rules document is currently being finalized and will be published here shortly. These rules will govern order handling, matching priority, and trading conduct on the PAX platform.

What Will Be Covered

The PAX Trading Rules will include detailed information on the following topics:

  • Order Types: Specifications for limit orders, market orders, and other order types supported by the platform
  • Order Matching: Price-time priority rules and matching engine behavior
  • Lambda (λ) Programs: Rules governing programmatic order submission and execution
  • Market Data: Policies on public and private market data, including publication and display rules
  • Trading Conduct: Prohibited trading practices and compliance requirements
  • Order Book Operations: Rules for order resting, cancellation, and modification
  • Trade Settlement: Procedures for trade confirmation and settlement
  • Market Integrity: Surveillance and enforcement procedures

Questions?

If you have questions about PAX trading practices or need information before the full Trading Rules are published, please contact us:

PAX Markets USA, Inc.
626 Jefferson Ave, Suite 6
Redwood City, CA 94063
Email: [email protected]