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

# Trading on Meriq

Meriq is built to make swapping Canton-native assets feel straightforward, while the liquidity competition happens behind the scenes.

## How a swap works

1. Choose the assets you want to swap.
2. Enter the trade amount.
3. Meriq compares available liquidity for that trade.
4. You receive the best eligible executable price.
5. Review and sign the transaction.
6. The trade settles atomically on Canton.

## Pricing

Prices on Meriq come from independent market makers rather than a single shared AMM curve.

Each market maker manages its own inventory, pricing and risk. Meriq compares the available liquidity and routes the swap to the best eligible price for the requested amount.

The price shown to you is valid for a limited period and may refresh as market conditions change.

## Supported markets

Meriq is initially focused on:

* **CC / USDCX**
* **cBTC / USDCX**

Availability may depend on the network environment and supported asset issuers.

## Slippage and settlement

Before signing, you can review the expected execution for the trade. Settlement checks ensure the trade does not complete if the required execution conditions are no longer valid.

## Fees

Any applicable trading fee will be shown as part of the trade before you confirm it.


---

# Agent Instructions
This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com.

## Querying This Documentation
If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter:

```
GET https://meriq.gitbook.io/meriq-docs/trading-on-meriq.md?ask=<question>&goal=<endgoal>
```

`ask` is the immediate question: it should be specific, self-contained, and written in natural language.
`goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal.

The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.