Market Mechanics

This section explains how Units of an Instrument are traded on The Grid and how the 4 hour Scheduled Sweep design creates a tight connection between trading and delivery.

• Central Limit Order Book and Scheduled Sweeps – Explains how The Grid’s single central limit order book continuously matches bids and asks for each Instrument, and how periodic Scheduled Sweeps move Units into Consumption to tightly couple real-time trading with short-term delivery.

• Order Types - Describes available limit and market orders and how they behave when interacting with the book.

• Lifecycle of a Unit - Traces a Unit from issuance through trading, sweeping into Consumption, usage, and eventual expiry.

• Design Advantages - Explains why we chose this particular market design, and compares its advantages to the status quo of how AI inference is consumed.