> For the complete documentation index, see [llms.txt](https://docs.nocktrade.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.nocktrade.xyz/readme.md).

# What is NockTrade

NockTrade is a trading terminal for the perpetual markets on Lighter — stocks, indices, commodities, FX and crypto in one order book, settled in USDC.

We are the screen, not the exchange. Lighter matches and settles every order; NockTrade builds the order, routes it, and charges a disclosed fee for doing so. We never hold your funds and we cannot move them.

## What you can trade

One Lighter account gives you access to 200+ perpetual markets:

| Class                     | Examples                                                                |
| ------------------------- | ----------------------------------------------------------------------- |
| Crypto                    | BTC, ETH, SOL, HYPE, XRP, DOGE                                          |
| US stocks                 | NVDA, TSLA, AAPL, META, GOOGL, MSTR, GME, HOOD                          |
| Indices and ETFs          | SPY, QQQ, US500, US100, IWM, SOXX                                       |
| Commodities               | Gold (XAU), silver (XAG), WTI and Brent oil, natural gas, wheat, copper |
| FX                        | EURUSD, GBPUSD, USDJPY and more                                         |
| Pre-IPO and international | SPACEX, OPENAI, ANTHROPIC, SAMSUNG, TENCENT, BYD                        |

The list is read live from the venue. When Lighter lists a market, it appears in NockTrade automatically.

## The one idea behind the product

Every order is priced out to the basis point before you can submit it. The order ticket shows a live, itemised cost ledger — notional, margin, contracts, the venue fee, our fee, estimated funding, and the estimated liquidation price — recalculated on every keystroke. If you cannot see what a trade costs, the button will not let you press it.

## Where to go next

* [Quickstart](/getting-started/quickstart.md) — from an empty wallet to a resting order.
* [The cost ledger](/the-terminal/ticket.md) — what every row in the ticket means.
* [Custody and keys](/concepts/custody.md) — what we can and cannot touch.
* [Fees](/concepts/fees.md) — 2.0 bps taker, 0.0 bps maker, and the ceiling you approve.


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