DropCopy & Trade Capture Streaming

Subscribe to real-time execution reports, trade captures, instrument state changes, and position updates for your firm using gRPC streaming.

gRPC Only - DropCopy endpoints are gRPC streaming only. There are no REST equivalents.

Service Definition

Service: polymarket.v1.DropCopyAPI Type: Server-side streaming (all endpoints)

service DropCopyAPI {
    rpc CreateDropCopySubscription(CreateDropCopySubscriptionRequest)
        returns (stream CreateDropCopySubscriptionResponse);

    rpc CreateTradeCaptureReportSubscription(CreateTradeCaptureReportSubscriptionRequest)
        returns (stream CreateTradeCaptureReportSubscriptionResponse);

    rpc CreateInstrumentStateChangeSubscription(CreateInstrumentStateChangeSubscriptionRequest)
        returns (stream CreateInstrumentStateChangeSubscriptionResponse);

    rpc CreatePositionChangeSubscription(CreatePositionChangeSubscriptionRequest)
        returns (stream CreatePositionChangeSubscriptionResponse);
}

Available Streams

Stream	Description	Use Case
DropCopy	Execution reports (fills, cancels)	Real-time order execution monitoring
Trade Capture Report	Completed trades	Trade reconciliation, compliance
Instrument State Change	Market state updates	Trading halts, market open/close
Position Change	Position updates	Real-time P&L, risk monitoring

1. DropCopy Subscription

Stream execution reports as they occur for your firm.

Request Parameters

Field	Type	Required	Description
`resume_token`	`bytes`	No	Resume from previous position
`resume_time`	`Timestamp`	No	Resume from specific time
`symbols`	`list[str]`	No	Filter by symbols. Empty = all symbols
`firms`	`list[str]`	No	Filter by firms. Empty = authenticated firm

Response Fields

Field	Type	Description
`resume_token`	`bytes`	Store for reconnection
`executions`	`list[Execution]`	Execution reports in this batch

Commission fields on executions (commission_notional_collected, commission_notional_total_collected) are fixed-point notional units scaled by price_scale × fractional_quantity_scale — see Fees on execution reports for decoding rules and worked examples.

Example

import grpc
from datetime import datetime
from polymarket.v1 import dropcopy_pb2
from polymarket.v1 import dropcopy_pb2_grpc
from polymarket.v1 import enums_pb2


class DropCopyStreamer:
    def __init__(self, grpc_server: str = "grpc-api.preprod.polymarketexchange.com:443"):
        self.grpc_server = grpc_server
        self.access_token = None
        self.last_resume_token = None

    def stream_executions(self, symbols: list = None, resume_token: bytes = None):
        """Stream execution reports via DropCopy."""
        credentials = grpc.ssl_channel_credentials()
        channel = grpc.secure_channel(self.grpc_server, credentials)
        stub = dropcopy_pb2_grpc.DropCopyAPIStub(channel)

        request = dropcopy_pb2.CreateDropCopySubscriptionRequest(
            symbols=symbols or []
        )
        if resume_token:
            request.resume_token = resume_token

        metadata = [('authorization', f'Bearer {self.access_token}')]

        try:
            print("Starting DropCopy stream...")
            print(f"Symbols: {symbols or 'ALL'}")
            print("-" * 60)

            for response in stub.CreateDropCopySubscription(request, metadata=metadata):
                self.last_resume_token = response.resume_token

                for execution in response.executions:
                    self._display_execution(execution)

        except grpc.RpcError as e:
            print(f"gRPC error: {e.code()} - {e.details()}")
        finally:
            channel.close()

    def _display_execution(self, execution):
        """Display execution details."""
        print(f"\n[{datetime.now().strftime('%H:%M:%S')}] Execution")
        print(f"  ID: {execution.id}")
        print(f"  Type: {enums_pb2.ExecutionType.Name(execution.type)}")

        if execution.HasField('order'):
            order = execution.order
            print(f"  Order ID: {order.id}")
            print(f"  Symbol: {order.symbol}")
            print(f"  Side: {enums_pb2.Side.Name(order.side)}")
            print(f"  State: {enums_pb2.OrderState.Name(order.state)}")

        if execution.last_shares > 0:
            print(f"  Fill Qty: {execution.last_shares}")
        if execution.last_px > 0:
            print(f"  Fill Price: {execution.last_px}")
        if execution.trade_id:
            print(f"  Trade ID: {execution.trade_id}")

        print("-" * 60)


# Usage
if __name__ == "__main__":
    streamer = DropCopyStreamer()
    # streamer.access_token = "your_token"
    streamer.stream_executions()

Sample Output

Starting DropCopy stream...
Symbols: ALL
------------------------------------------------------------

[14:30:15] Execution
  ID: exec_abc123
  Type: EXECUTION_TYPE_FILL
  Order ID: order_xyz789
  Symbol: tec-nfl-sbw-2026-02-08-kc
  Side: SIDE_BUY
  State: ORDER_STATE_FILLED
  Fill Qty: 100
  Fill Price: 525
  Trade ID: trade_def456
------------------------------------------------------------

[14:30:16] Execution
  ID: exec_ghi789
  Type: EXECUTION_TYPE_CANCELED
  Order ID: order_abc123
  Symbol: tec-nfl-sbw-2026-02-08-kc
  Side: SIDE_SELL
  State: ORDER_STATE_CANCELED
------------------------------------------------------------

2. Trade Capture Report Subscription

Stream completed trades for reconciliation and compliance.

Request Parameters

Field	Type	Required	Description
`resume_token`	`bytes`	No	Resume from previous position
`resume_time`	`Timestamp`	No	Resume from specific time
`symbols`	`list[str]`	No	Filter by symbols
`firms`	`list[str]`	No	Filter by firms

Response Fields

Field	Type	Description
`resume_token`	`bytes`	Store for reconnection
`trade_capture_reports`	`list[Trade]`	Trade records

Example

def stream_trade_captures(self, symbols: list = None):
    """Stream trade capture reports."""
    credentials = grpc.ssl_channel_credentials()
    channel = grpc.secure_channel(self.grpc_server, credentials)
    stub = dropcopy_pb2_grpc.DropCopyAPIStub(channel)

    request = dropcopy_pb2.CreateTradeCaptureReportSubscriptionRequest(
        symbols=symbols or []
    )

    metadata = [('authorization', f'Bearer {self.access_token}')]

    for response in stub.CreateTradeCaptureReportSubscription(request, metadata=metadata):
        for trade in response.trade_capture_reports:
            print(f"Trade ID: {trade.id}")
            print(f"  Aggressor: {trade.aggressor.order.id if trade.aggressor else 'N/A'}")
            print(f"  Passive: {trade.passive.order.id if trade.passive else 'N/A'}")
            print(f"  State: {trade.state}")

Trade Structure

Each trade contains two executions:

Field	Description
`id`	Unique trade ID
`aggressor`	Execution for the incoming (taker) order
`passive`	Execution for the resting (maker) order
`trade_type`	Type of trade (REGULAR, CROSS, etc.)
`state`	Trade state; see Trade States

Trade States

Each Trade carries a state field with one of the following values:

State	Value	Description
`TRADE_STATE_NEW`	1	Trade created.
`TRADE_STATE_CLEARED`	2	Trade successfully cleared by the clearing house.
`TRADE_STATE_BUSTED`	3	The trade was voided post-execution by the exchange (an error trade) and the resulting position was rolled back. This is a terminal reversal, not a pending state.
`TRADE_STATE_INFLIGHT`	4	Trade information sent to the clearinghouse.
`TRADE_STATE_PENDING_RISK`	5	Clearinghouse is pending at least one DCM claim for the trade.
`TRADE_STATE_PENDING_CLEARED`	6	Clearinghouse is pending the counterparty DCM claim.
`TRADE_STATE_REJECTED`	7	Clearinghouse rejected the trade.
`TRADE_STATE_CLEARING_ACKNOWLEDGED`	8	Clearing request acknowledged by the clearing house.
`TRADE_STATE_RETRY_REQUEST`	9	Retry requested; pending resubmission to the clearing house.

Handling TRADE_STATE_BUSTEDA busted trade was executed and then voided by the exchange (via an error-trade bust), and its position impact was reversed. Busted trades remain visible in trade history — treat them as reversed for position, P&L, and reconciliation purposes. Do not silently drop them.

TRADE_STATE_UNDEFINED (value 0) is the unset/unknown sentinel. It is omitted from API responses and does not appear in the published enum lists. Treat any unrecognized state value defensively rather than assuming the values above are exhaustive.

A bust reverses a prior trade recordA trade can be re-sent on this stream with the same id but an updated state. When a trade is re-sent with TRADE_STATE_BUSTED, that frame supersedes and reverses the earlier record carrying the same id. Deduplicate on id and always apply the latest state: a subsequent TRADE_STATE_BUSTED unwinds the position and P&L impact of a trade you previously recorded as TRADE_STATE_CLEARED.

3. Instrument State Change Subscription

Stream market state changes (halts, opens, closes).

No Participant ID RequiredThis endpoint only requires Auth0 JWT authentication with read:instruments scope. You do not need to provide the x-participant-id header or complete KYC onboarding to access instrument state changes.

Request Parameters

Field	Type	Required	Description
`resume_token`	`bytes`	No	Resume from previous position
`resume_time`	`Timestamp`	No	Resume from specific time
`symbols`	`list[str]`	No	Filter by symbols

Response Fields

Field	Type	Description
`resume_token`	`bytes`	Store for reconnection
`instruments`	`list[Instrument]`	Updated instrument states

Instrument States

Primary State Flow

State	Description
`INSTRUMENT_STATE_PENDING`	Initial state for a newly created instrument which has not yet begun trading.
`INSTRUMENT_STATE_OPEN`	In this state, the instrument is open for continuous order entry and matching.
`INSTRUMENT_STATE_CLOSED`	In this state, orders can not be entered, modified, or canceled, and no matching occurs. Any existing Day orders will be expired.
`INSTRUMENT_STATE_EXPIRED`	An instrument moves to this state when its Expiration Date/Time is reached. In this state, any resting orders are expired and no new orders can be entered.
`INSTRUMENT_STATE_TERMINATED`	When an instrument’s Termination Date is reached, the order book is removed from the matching engine, orders are canceled, and positions are closed. Historical data will still remain in Polymarket US ledgers.

Exception States

State	Description
`INSTRUMENT_STATE_SUSPENDED`	Orders can be canceled but no matching occurs, and no order entry or modification is allowed.
`INSTRUMENT_STATE_HALTED`	This state is similar to SUSPENDED, with the exception that orders cannot be canceled.

Other Possible States

State	Description
`INSTRUMENT_STATE_PREOPEN`	Orders can be entered and modified, but no matching occurs. When the instrument transitions to an OPEN state, the orders entered during PREOPEN will match at a single opening price that is automatically determined by an algorithm that is designed to maximize the volume traded at the open.
`INSTRUMENT_STATE_MATCH_AND_CLOSE_AUCTION`	This state is similar to PREOPEN, with the exception that matching will occur upon the transition of this state to any other state. This state is useful if you want matching to occur at the end of the state, but you don’t want the instrument to be open after.

Example

def stream_instrument_states(self, symbols: list = None):
    """Stream instrument state changes."""
    credentials = grpc.ssl_channel_credentials()
    channel = grpc.secure_channel(self.grpc_server, credentials)
    stub = dropcopy_pb2_grpc.DropCopyAPIStub(channel)

    request = dropcopy_pb2.CreateInstrumentStateChangeSubscriptionRequest(
        symbols=symbols or []
    )

    metadata = [('authorization', f'Bearer {self.access_token}')]

    for response in stub.CreateInstrumentStateChangeSubscription(request, metadata=metadata):
        for instrument in response.instruments:
            print(f"Symbol: {instrument.symbol}")
            print(f"  State: {instrument.state}")
            print(f"  Description: {instrument.description}")

4. Position Change Subscription

Stream real-time position updates.

Request Parameters

Field	Type	Required	Description
`resume_token`	`bytes`	No	Resume from previous position
`resume_time`	`Timestamp`	No	Resume from specific time
`symbols`	`list[str]`	No	Filter by symbols
`firms`	`list[str]`	No	Filter by firms

Response Fields

Field	Type	Description
`resume_token`	`bytes`	Store for reconnection
`position_changes`	`list[PositionChange]`	Position updates

PositionChange Structure

Field	Type	Description
`position`	`Position`	Current position state
`change_time`	`Timestamp`	When change occurred

Example

def stream_position_changes(self, symbols: list = None):
    """Stream position changes."""
    credentials = grpc.ssl_channel_credentials()
    channel = grpc.secure_channel(self.grpc_server, credentials)
    stub = dropcopy_pb2_grpc.DropCopyAPIStub(channel)

    request = dropcopy_pb2.CreatePositionChangeSubscriptionRequest(
        symbols=symbols or []
    )

    metadata = [('authorization', f'Bearer {self.access_token}')]

    for response in stub.CreatePositionChangeSubscription(request, metadata=metadata):
        for change in response.position_changes:
            pos = change.position
            print(f"Position Update: {pos.symbol}")
            print(f"  Account: {pos.account}")
            print(f"  Net Qty: {pos.net_position}")
            print(f"  Avg Price: {pos.average_price}")
            print(f"  Change Time: {change.change_time}")

Reconnection Handling

All DropCopy streams support resume tokens for seamless reconnection:

# Store resume_token from each response
last_token = response.resume_token

# On reconnect, pass the token
request = dropcopy_pb2.CreateDropCopySubscriptionRequest(
    resume_token=last_token
)

Resume Token ExpiryResume tokens may expire after extended disconnection periods. If resumption fails, start a fresh subscription and reconcile with the Report API for any missed data.

Comparing DropCopy vs Order Stream

Feature	DropCopy	Order Stream
Scope	Firm-wide executions	User’s orders only
Use Case	Back-office, compliance	Trading UI, order management
Data	Executions, trades	Orders, executions
Authentication	Firm-level token	User token

When to Use DropCopyUse DropCopy when you need:

Firm-wide visibility across all users
Trade capture reports for reconciliation
Instrument state change notifications
Real-time position monitoring across accounts

Next Steps

Order Stream

Stream user-level order updates

Market Data Stream

Stream real-time market data

Funding Stream

Stream funding transaction updates

Error Handling

Handle errors and reconnections

Overview

Streaming

Streaming Services

Reference

Service Definition

Available Streams

1. DropCopy Subscription

Request Parameters

Response Fields

Example

Sample Output

2. Trade Capture Report Subscription

Request Parameters

Response Fields

Example

Trade Structure

Trade States

3. Instrument State Change Subscription

Request Parameters

Response Fields

Instrument States

Primary State Flow

Exception States

Other Possible States

Example

4. Position Change Subscription

Request Parameters

Response Fields

PositionChange Structure

Example

Reconnection Handling

Comparing DropCopy vs Order Stream

Next Steps

Order Stream

Market Data Stream

Funding Stream

Error Handling

​Service Definition

​Available Streams

​1. DropCopy Subscription

​Request Parameters

​Response Fields

​Example

​Sample Output

​2. Trade Capture Report Subscription

​Request Parameters

​Response Fields

​Example

​Trade Structure

​Trade States

​3. Instrument State Change Subscription

​Request Parameters

​Response Fields

​Instrument States

​Primary State Flow

​Exception States

​Other Possible States

​Example

​4. Position Change Subscription

​Request Parameters

​Response Fields

​PositionChange Structure

​Example

​Reconnection Handling

​Comparing DropCopy vs Order Stream

​Next Steps

Order Stream

Market Data Stream

Funding Stream

Error Handling

Service Definition

Available Streams

1. DropCopy Subscription

Request Parameters

Response Fields

Example

Sample Output

2. Trade Capture Report Subscription

Request Parameters

Response Fields

Example

Trade Structure

Trade States

3. Instrument State Change Subscription

Request Parameters

Response Fields

Instrument States

Primary State Flow

Exception States

Other Possible States

Example

4. Position Change Subscription

Request Parameters

Response Fields

PositionChange Structure

Example

Reconnection Handling

Comparing DropCopy vs Order Stream

Next Steps