> ## Documentation Index > Fetch the complete documentation index at: https://api-docs-v3.openfx.dev/llms.txt > Use this file to discover all available pages before exploring further. # Settle a trade > Settles an existing trade. Settles an existing trade. Use this endpoint to: * Move a trade from its pending settlement window into a terminal settled state * Confirm settlement timing for reconciliation **Idempotency required.** This POST requires an `Idempotency-Key` header. Keys are cached for 24 hours. Reusing the same key with the same body returns the cached response; reusing it with different parameters returns a 422 error. ## Errors | Status | Message | Notes | | ------ | ------------------------------------------------------------------------------- | ------------------------------------------------------------------------------- | | 400 | `Query validation failed` | Request didn't match schema (bad trade ID, missing fields, etc.) | | 401 | `The authorization key provided is either invalid or expired, please try again` | Mint a fresh JWT — see [Authentication](/v2/authentication) | | 404 | `Trade not found` | `tradeId` doesn't resolve to a record on this org | | 409 | `The trade cannot be settled` | The trade isn't in a settleable state (already settled, not yet executed, etc.) | | 409 | `Request with this idempotency key is currently processing` | See [Errors → Idempotency](/v2/errors#idempotency-errors) | | 422 | `Idempotency key reused with different parameters` | New body → new key | | 500 | `An internal error has occurred` | Trade may or may not have settled — GET the trade by ID before retrying | See the full [v2 error reference](/v2/errors) for retry semantics and idempotency-specific codes. ## OpenAPI ````yaml POST /v2/brokerage/{orgId}/trade/settle openapi: 3.1.0 info: title: Overview of OpenFX APIs description: >- OpenFX provides a robust and secure API suite engineered for high performance and reliability, enabling programmatic access to real-time market data, trade execution, and money movement functionalities. This guide will walk through the step-by-step process of deposits, quoting, trading, settlements and monitoring using OpenFX APIs. version: v2.0.0 termsOfService: https://www.openfx.com/terms contact: name: OpenFX Support email: support@openfx.com url: https://www.openfx.com servers: - url: https://api.openfx.com description: OpenFX API Server security: - bearerAuth: [] tags: - name: MarketData description: >- This endpoint retrieves a complete list of all tradable fiat and stablecoin currency pairs on the OpenFX platform. - name: Balances description: >- The Balance endpoints enable real-time tracking and management of currency holdings within an account. - name: Trade description: >- The Trade APIs facilitate programmatic currency exchange through a quote-then-trade workflow, ensuring price transparency and guaranteed execution at quoted rates. - name: Deposits description: >- Deposit endpoints enable secure funding of trading accounts across multiple supported currencies and methods. - name: Withdrawals description: >- The Withdrawal API facilitates secure fund withdrawals for both fiat and stablecoins. paths: /v2/brokerage/{orgId}/trade/settle: post: tags: - Trade summary: Settle a trade description: >- Settles an existing trade. **Idempotency (V2 only):** This endpoint requires an `Idempotency-Key` header. Keys are cached for 24 hours. Reusing a key with the same parameters returns the cached response; different parameters return a 422 error. operationId: settleTrade parameters: - name: Idempotency-Key in: header required: true schema: type: string format: uuid example: 323e4567-e89b-42d3-a456-426614174000 description: >- V2 only. Unique key for an idempotent settle trade request. Valid for 24 hours. - schema: type: string in: path name: orgId required: true requestBody: content: application/json: schema: type: object properties: tradeId: type: string format: uuid example: 123e4567-e89b-42d3-a456-426614174000 description: Unique identifier of the trade being settled required: - tradeId responses: '200': description: Trade settled successfully content: application/json: schema: type: object properties: status: type: string enum: - success - error example: success data: type: object properties: trade: type: object properties: id: type: string format: uuid example: 123e4567-e89b-42d3-a456-426614174000 buy: type: string example: USD sell: type: string example: USDC referencedUnit: type: string example: USD referencedAmount: type: number example: 1000 amount: type: number example: 999.25 status: type: string example: SETTLED transactedAt: type: string example: '2026-07-13T10:01:00.000Z' quoteId: type: string format: uuid example: 223e4567-e89b-42d3-a456-426614174000 clientReferenceId: type: - string - 'null' example: customer-settlement-20260713-001 settledAt: type: - string - 'null' example: '2026-07-13T10:02:00.000Z' settlementStartTime: type: - string - 'null' example: '2026-07-13T10:00:30.000Z' required: - id - buy - sell - referencedUnit - referencedAmount - amount - status - transactedAt - quoteId - clientReferenceId - settledAt - settlementStartTime required: - trade message: type: string example: Data fetched successfully required: - data examples: default_example: value: status: success message: Trade settled successfully data: trade: id: 123e4567-e89b-42d3-a456-426614174000 buy: USD sell: USDC referencedUnit: USD referencedAmount: 1000 amount: 999.25 status: SETTLED transactedAt: '2026-07-13T10:01:00.000Z' quoteId: 223e4567-e89b-42d3-a456-426614174000 clientReferenceId: customer-settlement-20260713-001 settledAt: '2026-07-13T10:02:00.000Z' settlementStartTime: '2026-07-13T10:00:30.000Z' '400': description: Bad Request content: application/json: examples: default_example: value: status: error message: Query validation failed '401': description: Unauthorized content: application/json: examples: default_example: value: status: error message: >- The authorization key provided is either invalid or expired, please try again '404': description: Trade not found content: application/json: examples: default_example: value: status: error message: Trade not found error: code: TRADE_NOT_FOUND '409': description: Trade cannot be settled content: application/json: examples: default_example: value: status: error message: The trade cannot be settled error: code: TRADE_NOT_SETTLEABLE '422': description: Unprocessable Entity content: application/json: examples: default_example: value: status: error message: Idempotency key reused with different parameters error: code: IDEMPOTENCY_MISMATCH details: >- This idempotency key was already used with different request parameters '500': description: Internal Server Error content: application/json: examples: default_example: value: status: error message: An internal error has occurred components: securitySchemes: bearerAuth: type: http scheme: bearer bearerFormat: JWT ````