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

# Trading

- [Derivatives Clearing](https://docs.reya.xyz/trading/derivatives-clearing.md)
- [Perpetual Futures](https://docs.reya.xyz/trading/perpetual-futures.md)
- [Cross-margining](https://docs.reya.xyz/trading/cross-margining.md)
- [Margin System](https://docs.reya.xyz/trading/margin-system.md)
- [Cross-collateralization](https://docs.reya.xyz/trading/cross-collateralization.md)
- [Haircuts](https://docs.reya.xyz/trading/cross-collateralization/haircuts.md)
- [Auto-exchange conditions](https://docs.reya.xyz/trading/cross-collateralization/auto-exchange-conditions.md)
- [Auto-exchange mechanism](https://docs.reya.xyz/trading/cross-collateralization/auto-exchange-mechanism.md)
- [Liquidation Engine](https://docs.reya.xyz/trading/liquidation-engine.md)
- [Ranked liquidations](https://docs.reya.xyz/trading/liquidation-engine/ranked-liquidations.md)
- [Dutch auction](https://docs.reya.xyz/trading/liquidation-engine/dutch-auction.md)
- [Backstop LPs](https://docs.reya.xyz/trading/liquidation-engine/backstop-lps.md)
- [Insurance Funds](https://docs.reya.xyz/trading/liquidation-engine/insurance-funds.md)