> ## Documentation Index
> Fetch the complete documentation index at: https://docs.fairground.fi/llms.txt
> Use this file to discover all available pages before exploring further.

# Advanced Trading Overview

> Deep dive into order matching, liquidations, the insurance fund, and ADL.

Learn how Fairground handles order execution, risk management, and protocol backstops.

<Columns cols={2}>
  <Card title="Order matching" icon="merge" href="/trading/advanced/order-matching">
    How reduce and increase orders are matched.
  </Card>

  <Card title="Liquidation" icon="triangle-exclamation" href="/trading/advanced/liquidation">
    When positions are liquidated and how it works.
  </Card>

  <Card title="Insurance fund" icon="shield" href="/trading/advanced/insurance-fund">
    Protocol backstop for undercollateralized positions.
  </Card>

  <Card title="ADL" icon="users" href="/trading/advanced/adl">
    Auto-deleveraging when the insurance fund is depleted.
  </Card>
</Columns>

<Card title="Glossary" icon="book-open" href="/trading/advanced/glossary">
  Definitions for protocol terms.
</Card>