# Open new market

## \*This is not financial advice\*

**To Learn How to Navigate to "open new market" click** [**HERE**](https://docs.alcor.exchange/developers-api/market-creation)

## **To create a market for an existing token pair, you will use Auto Select**

![Open New Market Auto Select](https://1106702801-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MJILKtslrmNIVV9CYCR%2F-MgHcqcsQYvVDc4TNsCM%2F-MgHe85AlZ324sRm3I4D%2Fimage.png?alt=media\&token=c76adcf0-4a70-49f5-8564-df23d282b9b6)

**Pink Box -** RAM will be included in the cost to facilitate your new market pair.

**Red Box -** Select the base token you want to use for your pair.

**Blue Box** **-** Select the new "quote" token you want to pair with your base token

**Yellow Box -** Switch to Manual token selection 

Or, if you do not have token that you want to list, you have to use manual mode.

## **To create a market pair Manually**

![Open New Market Manually](https://1106702801-files.gitbook.io/~/files/v0/b/gitbook-legacy-files/o/assets%2F-MJILKtslrmNIVV9CYCR%2F-MgHcqcsQYvVDc4TNsCM%2F-MgHfh2aLTKpWLIOxzFr%2Fimage.png?alt=media\&token=1cd7382e-88d3-4ad1-9540-3163093d114c)

**Green Box -** Select your base token.

**Red Box -** Manually enter your quote tokens contract.

**Yellow Box -** Manually enter symbol for the market pair you are creating.

**Pink Box -** Shows total cost of new market creation fee .

 

\*Only tokens already in your connected wallet will show in the drop-down token selection menus. 

\*When creating a new token pair, the exchange value will be calculated automatically.