Trading operations are facilitated through registered instruments, represented by token pairs. The second token is treated as a stablecoin and serves as the trading currency. These tokens will be referred to as Instrument Token and Instrument Currency. Each instrument possesses a listing category (Tier), with allowable values of 1, 2, and 3. Specific listing tiers correspond to distinct minimum price step, minimum quote size, commission rate, and permissible price deviation scales.

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