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

# Initialize Market

> Create a new CLMM market (admin-only)

Market initialization is an **admin-only** operation and is not exposed through the `MarketThree` class.

For advanced use cases, the raw Codama-generated instruction `createInitializeMarketInstruction()` is available in the generated client. See the [raw instructions overview](/developer-clmm/raw-instructions/overview) for details.