trading.md

title	Domain: Trading
status	draft
description	Execute and settle without leaking intent, size, or counterparties to the wider market.

TLDR

• Execution privacy: RFQ intent/size/price, pre-trade leakage control across private trading, derivatives, and OTC settlement.
• Public-sector and NGO procurement and settlement where counterparties, prices, or allocations are sensitive.
• Cross-domain atomicity (DvP/PvP) without HTLCs; optional zk-SPV for strong atomicity.

Primary use cases

• Private Repo
• Private Stocks
• Private Commodities

Related use cases (secondary)

• Private Bonds

Approaches

• Approach: Atomic DvP Settlement
• Approach: Private Trade Settlement

Shortest-path patterns

• Pre-trade privacy (Shutter/SUAVE)
• Atomic DvP via ERC-7573
• Shielding
• Commit-and-Prove fallback

Adjacent vendors

• Renegade
• Aztec L2
• Railgun
• Flashbots
• Shutter
• Hinkal
• Orion Finance