Trading

Markets

The 16 v1 markets, large-cap U.S. equities, two ETFs, and one index, and how they are priced.

The v1 lineup

Element v1 lists 16 markets: 13 single-name U.S. equities, two broad-market ETFs, and one index. Equities and ETFs only, no crypto, commodities, forex, or collectibles.

Element v1 markets
TickerMarketType
AAPLAppleEquity
MSFTMicrosoftEquity
NVDANVIDIAEquity
GOOGLAlphabetEquity
AMZNAmazonEquity
METAMeta PlatformsEquity
TSLATeslaEquity
COINCoinbase GlobalEquity
MSTRStrategyEquity
PLTRPalantir TechnologiesEquity
CRCLCircle Internet GroupEquity
HOODRobinhood MarketsEquity
HIMSHims & Hers HealthEquity
SPYSPDR S&P 500 ETFETF
QQQInvesco QQQ TrustETF
SP500S&P 500 IndexIndex

Synthetic, not shares

Each market settles in USDG and gives synthetic long or short exposure to the reference price, not the underlying share. HOOD tracks Robinhood Markets as one listed equity among the 16; listing a ticker is naming a tracked equity, not a claim of affiliation with its issuer.

How markets are priced

Every market is priced by a single on-chain oracle mark. There is no order book, so every trade fills at the protocol mark. Pricing is described in full on Price integrity.

Sessions and weekends

Markets trade 24/7. During regular U.S. hours the mark tracks the live equity market; off-hours and weekends it keeps updating continuously, so all 16 markets stay available around the clock.

Trading sessions

  • Regular hours: roughly 9:30am to 4:00pm ET, Monday to Friday, when the mark tracks the live U.S. equity market
  • Off-hours and weekends: the mark keeps updating continuously and can deviate from where the equity would open next
  • A stale feed freezes the market (opens and liquidations revert) rather than letting the mark drift. See Price integrity
  • Off-hours open-interest caps are tighter than regular-hours caps