> For clean Markdown of any page, append .md to the page URL. > For a complete documentation index, see https://docs.paradigm.co/delta-1-spreads/high-level-workflows/llms.txt. > For AI client integration (Claude Code, Cursor, etc.), connect to the MCP server at https://docs.paradigm.co/_mcp/server. # High-Level Workflows *Important Note:* Both the *Taker* and the *Maker* will receive all updates through the *JSON-RPCoverWebSockets* Notification channels for events relating to Strategies, Orders, and Trades. A user is only a *Maker* where their Order is executed upon by another Order. A user is only a *Taker* if they submit an Order which crosses an existing Order. ### Return all available Strategies [](#returnstrategies-fspd-workflow) If you would like to return all available Strategies to trade on Paradigm, you should request the *RESToverHTTP* \[GET] `/strategies` endpoint. ### Return your Orders [](#returnorders-fspd-workflow) If you would like to return your Orders on Paradigm, you should request the *RESToverHTTP* \[GET] `/orders` endpoint. ### Return your Trades [](#returntrades-fspd-workflow) If you would like to return your Trades on Paradigm, you should request the *RESToverHTTP* \[GET] `/trades` endpoint. ### Submit an Order [](#submitorder-fspd-workflow) If you would like to submit an Order to a Strategy's Order Book, you should request the *RESToverHTTP* \[POST] `/orders` endpoint. ### Update an Order [](#replaceorder-fspd-workflow) If you would like to update an existing Order, you should request the *RESToverHTTP* \[POST] `/orders/{order_id}/replace` endpoint. ### Managing a Strategy's Order Book You are able to create and manage a local copy of each Strategy's Order Book with the following steps: 1. Subscribe to the *JSON-RPCoverWebSockets* Channel `order_book.{strategy_id}.{level}` and note the returned `seq_id` value. 2. Request the *RESToverHTTP* \[GET] `/strategies/{strategy_id}/order-book` endpoint which returns the Strategy's complete Order Book. Note the `seq_id` value. As only the changes, or the delta, to the Order Book are messaged over the *JSON-RPCoverWebSockets* Channel `order_book.{strategy_id}.{level}`, you are able to disregard all `seq_id` values before the `seq_id` values returned by the *RESToverHTTP* \[GET] `/strategies/{strategy_id}/order-book` request. You are able to update your local copy of the Strategy's Order Book by adding and removing from your local copy as appropriate. ### Orders upon Rejection at Settlement All Orders, regardless of your role in the trade (as a *Taker* or *Maker*) are considered to be canceled upon rejection. This means, as Paradigm sends a single Block Trade to the underlying venue for settlement and clearing, that if the Trade fails to settle & clear, both Orders are canceled. To clarify, only the `amount` of the Order that failed to settle & clear is canceled. You will know this has occurred principally from the *JSON-RPCoverWebSockets* Channel `trades.{venue}.{kind}.{strategy_id}` wherein you will receive a message with the `state` == `REJECTED`. You will also receive a message on the *JSON-RPCoverWebSockets* Channel `orders.{venue}.{kind}.{strategy_id}` where the `pending_fill_amount`, `canceled_amount` key values have been incremented to reflect the `amount` of the Order canceled as a result of rejection. ### Get All Trades All users of Paradigm are able to receive updates of all Trades which occur through the Future Spread Dashboard product. Paradigm does not reveal the counterparties involved or the individual `side` == `BUY` | `SELL` of the composite legs traded. 1. Subscribed to `trade_tape.{venue}.{kind}.{strategy_id}` WS Channel. 2. Receives WS messages for only successfully cleared & settled Trades. ### JSON-RPCoverWebSockets #### Authentication + Subscribe & Unsubscribe to Notification Channels 1. Authenticate, establish a heartbeat and Subscribe to the `strategy_state.{venue}.{kind}`, `order_book.{strategy_id}.{level}`, `orders.{venue}.{kind}.{strategy_id}`, `trades.{venue}.{kind}.{strategy_id}`, `trade_tape.{venue}.{kind}.{strategy_id}`, and `venue_bbo.{strategy_id}` *JSON-RPCoverWebSockets* Notification Channels.