A trade represents a fulfilled offer. For example, let’s say that there exists an offer to sell 9 foo_bank/EUR for 3 baz_exchange/BTC and you make an offer to buy 3 foo_bank/EUR for 1 baz_exchange/BTC. Since your offer and the existing one cross, a trade happens. After the trade completes:

  • you are 3 foo_bank/EUR richer and 1 baz_exchange/BTC poorer
  • the maker of the other offer is 1 baz_exchange/BTC richer and 3 foo_bank/EUR poorer
  • your offer is completely fulfilled and no longer exists
  • the other offer is partially fulfilled and becomes an offer to sell 6 foo_bank/EUR for 2 baz_exchange/BTC. The price of that offer doesn’t change, but the amount does.

Trades can also be caused by successful path payments, because path payments involve fulfilling offers.

Payments are one-way in that afterwards, the source account has a smaller balance and the destination account of the payment has a bigger one. Trades are two-way; both accounts increase and decrease their balances.

A trade occurs between two parties - base and counter. Which is which is either arbitrary or determined by the calling query.


Attribute Type
id string The ID of this trade.
paging_token string A paging token suitable for use as a cursor parameter.
ledger_close_time string An ISO 8601 formatted string of when the ledger with this trade was closed.
base_account string base party of this trade
base_amount string amount of base asset that was moved from base_account to counter_account
base_asset_type string type of base asset
base_asset_code string code of base asset
base_asset_issuer string issuer of base asset
counter_account string counter party of this trade
counter_amount string amount of counter asset that was moved from counter_account to base_account
counter_asset_type string type of counter asset
counter_asset_code string code of counter asset
counter_asset_issuer string issuer of counter asset
price object original offer price, expressed as a rational number. example: {N:7, D:3}
base_is_seller boolean indicates which party of the trade made the sell offer
rel Example Description templated
base /accounts/{base_account} Link to details about the base account true
counter /accounts/{counter_account} Link to details about the counter account true
operation /operation/{operation_id} Link to the operation of the assets bought and sold. true


Resource Type Resource URI Template
Trades Collection /trades


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