Getting started
Introduction
Welcome to AX, the world’s first centralized and regulated exchange for perpetual futures on traditional underlying asset classes. FX, stocks, interest rates, metals, stock indexes, and more.
AX is a global derivatives exchange for perpetual futures on traditional (non-digital) assets.
Trading happens on an order book with price-time priority (best price first, then FIFO within price), and positions are leveraged, so margin and liquidation rules apply.
Perpetual contracts don’t expire and can trade 24/7; funding helps keep prices aligned with the underlying benchmark.
Start here: What is AX?.