Trading & Availability
Why token transfer, reference pricing and executable Stock Token liquidity operate on different schedules.
#Availability is surface-specific
| Surface | Availability consideration |
|---|---|
| Robinhood Chain | Blocks and ERC-20 transfers can continue while external markets are closed |
| Underlying equity | Exchange sessions, extended hours and security-specific halts apply |
| Stock Token price feed | Official documentation describes 24/5 updates, subject to staleness and pause checks |
| Secondary liquidity | RFQ, AMM, propAMM and order-book venues can have different depth and operating rules |
| ARRANGE payoff observation | Must use the price source and timing rule stated in the position terms |
Continuous token transfer does not imply continuous price formation or guaranteed exit liquidity.
#Halts and closed markets
The Stock Token API exposes underlying trading capabilities and a trading-halt flag. Corporate-action processing can also pause a token's oracle. A stale or paused reference should be treated as unavailable, not carried forward as a fresh market price.
#Primary sources
- Building with Stock Tokens
Official integration guide for ERC-20 operations, ERC-8056 views, liquidity surfaces and onchain pricing.
- Stock Token APIs
Official REST schemas for asset metadata, underlying bid/ask data and corporate actions.
- Oracles & Price Feeds
Official Chainlink feed semantics, multiplier treatment, pause behavior and L2 safety checks.