Silvana Terminal is the main trading workspace for Silvana Book. This means execution and settlement are visible as separate stages. A trade can be matched quickly, then continue through settlement until both sides complete the required steps. The terminal helps you track this path without leaving the trading screen.

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Market Workspace

The market workspace is where you start from. The same workspace keeps both market and trade data visible. You can select a market, place an order, monitor the book, and track whether your trade is still open, already matched, or waiting for settlement actions.

Show chart view tips

Market candles show general price movement for the selected pair.

• Silvana candles show activity executed through Silvana, where available.
• You can enable Market candles, Silvana candles, or both views together to compare them on the same chart.
• Your settlement-level trades are also shown on the chart as markers.
• Settlement markers help you see where a trade is pending, where it has settled, and how it relates to the price movement around it.
• Hover over a marker to review the trade details and current settlement status directly from the chart.

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Prerequisites

To start trading, you have to:

• be onboarded;
• connect your wallet to your account;
• be logged in.

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Step 1. Selecting a Market

Use the market selector to switch between available trading pairs. Each market opens in the terminal with its own chart, price data, order book, and order form.

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Step 2. Placing an Order

Choose the side, order type, price, amount, and time in force from the order form.

• For a limit order, the order is placed in the private orderbook at the specified price and quantity.
• For a market order, the terminal uses available liquidity to execute immediately based on the current market state.

Show time in force details

Time in Force selector defines how long an order can remain active after you submit it.

Option	Meaning
Good Till Cancel (GTC)	The order stays open until it is filled or manually canceled.
Immediate Or Cancel (IOC)	The order executes as much as possible immediately, then cancels the remaining amount.
Fill Or Kill (FOK)	The order must be filled in full immediately, or it is canceled entirely.
Good Till Date (GTD)	The order stays active until a selected date or time, then expires automatically.

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Step 3. Review Order Details

After you place an order, the terminal creates an order record. Open the order details to check the order status, fill progress, order parameters, and related settlement records. An order may include one or multiple settlements, depending on its size and available offers. Once settlements cover the full amount, the order is considered complete, regardless of how those settlements proceed afterward.

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Step 4. Track Settlement Proposal

Follow the proposal status to see which side must act next. The settlement flow may require confirmation, DvP signing, fee payment, token allocation, or completion.

Show settlement states details

Silvana Terminal shows different positions of the same trade as it moves through the system.

State	Meaning
Awaiting Buyer/Seller: Sign Settlement	The matched trade is waiting for one side to confirm settlement. The other side waits until this step is completed.
Awaiting Buyer/Seller: Sign DvP	The settlement is waiting for one side to sign the DvP contract before the flow can continue.
Action Required: Pay DvP Fee	Your wallet confirmation is required to pay the DvP fee before settlement continues.
Action Required: Allocate Tokens	Your side must allocate the required assets for the DvP settlement.
Action Required: Pay Allocation Fee	Your wallet confirmation is required to pay the allocation fee for the token allocation step.

A matched trade does not always mean that settlement has finished. The terminal shows both execution status and settlement progress, so you always know the order’s current position.

Show settlement action alerts

The Terminal helps you find settlements that need attention.

1. Notifications show when a new settlement proposal is received. Click Open Settlements to review the related settlement details.

2. Action strip appears at the top of the terminal when one or more settlements require action. Use it to jump directly to the settlement that needs confirmation or signing.

3. Settlements table marks the relevant row, so you can quickly see which settlement is waiting for your action.

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Step 5. Review Your Activity Panel

Once settlement is complete, the trade appears in the activity panel at the bottom of the terminal.

Show activity panel details

The panel helps you check what is still open, what has already been processed, and where each completed record is stored.

Tab	What it shows
Open Orders	Active orders that are still waiting for execution or cancellation.
Order History	Past order records, including filled, cancelled, and completed orders.
Settlements	Settlement records and DvP proposal results.
Trade History	Executed trades with market, side, price, amount, and total details.

Use Hide Other Pairs to focus the panel on the currently selected market pair.

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Wallet Confirmations

Some settlement steps may require wallet confirmation. The terminal indicates when action is required on your end.

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Key Takeaway

Before submitting an order, make sure the trading details are accurate and that the status shown in the terminal after the order is placed matches the status.