> For the complete documentation index, see [llms.txt](https://docs.synfutures.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.synfutures.com/rwa-trading/how-rwa-trading-works.md).
# How RWA Trading Works?
When you trade tokenized stocks on SynFutures, your order is filled through dedicated liquidity support connected to Anchored’s issuance and redemption infrastructure.
The flow works like this:
1. **You place a buy or sell order** for a tokenized stock on SynFutures.
2. **A market maker sources liquidity through Anchored** and helps execute the trade against 1:1 backed tokenized stocks.
3. **When the order is filled,** you receive the tokenized stock when buying, or USDC when selling, directly in your wallet.
This is not pool-based liquidity. Instead, dedicated market makers act as the execution layer between SynFutures users and Anchored’s tokenized stock infrastructure, helping provide a smoother trading experience backed by real underlying assets.
{% hint style="info" %}
**Note:** RWA Trading with Anchored’s dedicated execution and liquidity support is only available through the official RWA Trading section on SynFutures. Tokenized stocks traded elsewhere may not have the same execution mechanism, liquidity depth, or reserve-backed settlement flow.
{% endhint %}
#### Trading Hours
Because tokenized stocks are tied to the underlying US stock market, RWA Trading follows a **24/5 schedule** (Monday through Friday) across four sessions:
Session
Hour (ET)
Description
Overnight
8:00 PM – 4:00 AM
Extended hours trading
Pre-market
4:00 AM – 9:30 AM
Early session before market open
Regular
9:30 AM – 4:00 PM
Standard US market hours
After-hours
4:00 PM – 8:00 PM
Post-close trading
**Market closures:**
* All US federal holidays (New Year's Day, MLK Jr. Day, Presidents' Day, Good Friday, Memorial Day, Juneteenth, Independence Day, Labor Day, Thanksgiving, Christmas)
* Weekends (Saturday and Sunday)
* Early closures on the trading day before certain holidays
> Orders placed while the market is closed will not be filled until the next trading session opens.
The team is proactively working with the Anchored team and its market maker network to expand stock trading to 24/7.
#### Order Types
RWA Trading on SynFutures supports familiar order types for trading tokenized stocks:
* **Market Order** — Available during the regular US market session. It executes immediately at the best available price, so users can buy or sell right away.
* **Limit Order** — Can be placed at any time, but only executes during supported trading sessions. It lets users set the price at which they want to buy or sell, and the order only fills when the market reaches that price. This is useful when the market is closed or when users want a specific entry or exit point.
---
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