> For the complete documentation index, see [llms.txt](https://tsp-exchange.gitbook.io/tsp.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://tsp-exchange.gitbook.io/tsp.exchange/perpetual-version-0.1.3/trading/trading-overview.md).

# Trading Overview

## 1. Liquidity

Tsp.exchange directly taps into third-party liquidity, ensuring a smooth trading experience for users without concerns about liquidity issues.\
Currently, the 0.1.3 version integrates GMX liquidity, and in the future, we will aggregate more third-party liquidity platforms such as GNS/Vela. For details on the Liquidity depth architecture, please read [this](https://tsp-exchange.gitbook.io/tsp.exchange/perpetual-version-1.0/product-architecture/liquidity-depth-architecture).

## 2. Trading UI Overview

The trading UI of Tsp.exchange primarily features the price chart, market trade history, order book, trade ticket, and personal order information, including orders, position, and order history.

<figure><img src="https://3689980294-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FePl7J3xkbsYHqel7Cev1%2Fuploads%2FxHe2AsCzw8aH6oKfLNvS%2F169.png?alt=media&amp;token=830cdb1a-a2d1-4fde-887b-a50491631fa5" alt=""><figcaption></figcaption></figure>

**Price Chart**

Before engaging in perpetual trading, you would examine the price chart, analyze market trends, and identify trading opportunities.

**Market Trade History**

The trades section displays all perpetual trades recently executed by all participants, including the time, buy/sell direction, price, amount(USD), and Hash (on-chain transactions, transparent and traceable).

**Order Book**

The order book displays numbers in the depth chart, representing buy and sell orders for perpetual trading, including price ($) and amount.

**Trade Ticket**

The trade ticket is where you place and execute orders to the market. Tsp.exchange offers both limit and market orders. A limit order allows you to set your desired trading price and will execute at the price you've defined, while a market order executes at the current market price.

**Personal Order Information**\
Personal order information represents the details of your orders, including orders, position, and order history.