Product overview

Megatron Markets gives participating desks one place to discover prices and submit orders for model-specific AI capacity. The terminal and API speak the same instrument, unit, order, and fee vocabulary.

The product

Each tradable product identifies:

• a model and a provider endpoint;
• a service tier used to select or rank eligible endpoints;
• a weighted bundle of Prompt, Cache read, Cache write, and Output token legs; and
• a spot term or a forward tenor and delivery window.

That identity matters. Capacity for a different model, provider, bundle, or delivery period is a different product, even when the total number of tokens is the same. See What is traded.

The two markets

Spot products are sized in whole tokens and quoted per MT, where 1 MT is one million tokens. Forward products describe future-delivery capacity, are sized in MFT, and include a tenor and delivery window. A forward instrument records a future-delivery term; the participant API does not describe it as a standardized futures contract.

Units covers exact decimal wire values. Spot and forward instruments covers the term fields and the curve.

Ways to trade

• Use the central order book for limit, market, stop, stop-limit, and pegged orders.
• Request or provide a negotiated quote through RFQ and voice workflows.
• Review existing execution-algo records and use the supported pause or cancel controls.

All state-changing requests act for a selected desk. Start with Getting started, then use the API reference when integrating directly.