diff --git a/src/operator-dashboard/static/components/StatusBar.jsx b/src/operator-dashboard/static/components/StatusBar.jsx
index 787ca45..0ff1894 100644
--- a/src/operator-dashboard/static/components/StatusBar.jsx
+++ b/src/operator-dashboard/static/components/StatusBar.jsx
@@ -1,4 +1,5 @@
 import { formatAge, formatBoolean, formatEur, formatTimestamp, signedClass, truncateMiddle } from '../lib/format.js';
+import { SUBMISSION_COPY } from '../lib/submissionCopy.js';
 
 function statusSubtitle(label, status, websocketState) {
   switch (label) {
@@ -8,8 +9,8 @@ function statusSubtitle(label, status, websocketState) {
       return formatTimestamp(status.market_observed_at);
     case 'Inventory Freshness':
       return formatTimestamp(status.inventory_observed_at);
-    case 'Trading':
-      return 'Successful submissions from durable history';
+    case SUBMISSION_COPY.statusTileLabel:
+      return SUBMISSION_COPY.statusTileSubtitle;
     default:
       return '';
   }
@@ -25,8 +26,8 @@ export default function StatusBar({ status, websocketState }) {
     ['Alerts', `${status.active_alert_count || 0} ${status.highest_alert_severity ? `(${status.highest_alert_severity})` : ''}`.trim()],
     ['Strategy Armed', formatBoolean(status.strategy_armed)],
     ['Executor Armed', formatBoolean(status.executor_armed)],
-    ['Trading', `${status.recent_trade_count || 0} trades`],
-    ['Last Trade', formatTimestamp(status.last_successful_trade_at)],
+    [SUBMISSION_COPY.statusTileLabel, `${status.recent_trade_count || 0} ${SUBMISSION_COPY.statusTileValueSuffix}`],
+    [SUBMISSION_COPY.lastStatusTileLabel, formatTimestamp(status.last_successful_trade_at)],
   ];
 
   return (
diff --git a/src/operator-dashboard/static/lib/submissionCopy.js b/src/operator-dashboard/static/lib/submissionCopy.js
new file mode 100644
index 0000000..b566723
--- /dev/null
+++ b/src/operator-dashboard/static/lib/submissionCopy.js
@@ -0,0 +1,15 @@
+export const SUBMISSION_COPY = {
+  statusTileLabel: 'Submissions',
+  statusTileSubtitle: 'Successful quote-response submissions from durable history',
+  statusTileValueSuffix: 'submissions',
+  lastStatusTileLabel: 'Last Submission',
+  recentMetricLabel: 'Recent submissions',
+  recentMetricValueSuffix: 'submissions',
+  termsEyebrow: 'Submission activity',
+  termsTitle: 'Recent submitted quote terms',
+  termsEmpty: 'No submitted quote responses are available yet.',
+  ledgerTitle: 'Submitted quote responses',
+  ledgerSubtitle: 'PostgreSQL-backed pagination of executor submissions',
+  ledgerEmpty: 'No submitted quote responses are stored yet.',
+  ledgerCountLabel: (page, totalPages, total) => `Page ${page} of ${totalPages} - ${total} submitted quote responses`,
+};
diff --git a/src/operator-dashboard/static/pages/FundsPage.jsx b/src/operator-dashboard/static/pages/FundsPage.jsx
index 88c204a..9743602 100644
--- a/src/operator-dashboard/static/pages/FundsPage.jsx
+++ b/src/operator-dashboard/static/pages/FundsPage.jsx
@@ -5,6 +5,7 @@ import MetricCard from '../components/MetricCard.jsx';
 import Pill from '../components/Pill.jsx';
 import TableFrame from '../components/TableFrame.jsx';
 import { formatEur, formatTimestamp, stringifyJson, truncateMiddle } from '../lib/format.js';
+import { SUBMISSION_COPY } from '../lib/submissionCopy.js';
 
 function buildInitialEstimateForm(balances, withdrawalDefaults) {
   const firstAssetId = balances?.[0]?.asset_id || '';
@@ -204,7 +205,7 @@ function QuotesTable({ items }) {
 }
 
 function AssetChangeTable({ items }) {
-  if (!items?.length) return <EmptyState>No successful trades are available yet.</EmptyState>;
+  if (!items?.length) return <EmptyState>{SUBMISSION_COPY.termsEmpty}</EmptyState>;
 
   return (
     <TableFrame>
@@ -213,8 +214,8 @@ function AssetChangeTable({ items }) {
           <tr>
             <th>Observed</th>
             <th>Quote</th>
-            <th>Spend</th>
-            <th>Receive</th>
+            <th>Input</th>
+            <th>Output</th>
           </tr>
         </thead>
         <tbody>
@@ -233,7 +234,7 @@ function AssetChangeTable({ items }) {
 }
 
 function TradesTable({ items }) {
-  if (!items?.length) return <EmptyState>No successful trades are stored yet.</EmptyState>;
+  if (!items?.length) return <EmptyState>{SUBMISSION_COPY.ledgerEmpty}</EmptyState>;
 
   return (
     <TableFrame>
@@ -446,9 +447,9 @@ export default function FundsPage({
             value={formatEur(profitability.trading_contribution_eure)}
           />
           <MetricCard
-            label="Recent trading"
+            label={SUBMISSION_COPY.recentMetricLabel}
             meta={formatTimestamp(profitability.last_successful_trade_at)}
-            value={`${profitability.recent_trade_count || 0} trades`}
+            value={`${profitability.recent_trade_count || 0} ${SUBMISSION_COPY.recentMetricValueSuffix}`}
           />
         </div>
         <div className="panel-subtitle">
@@ -568,8 +569,8 @@ export default function FundsPage({
         <div className="panel">
           <div className="panel-head">
             <div>
-              <div className="eyebrow">Trade-driven changes</div>
-              <h3>Recent asset deltas</h3>
+              <div className="eyebrow">{SUBMISSION_COPY.termsEyebrow}</div>
+              <h3>{SUBMISSION_COPY.termsTitle}</h3>
             </div>
           </div>
           <AssetChangeTable items={funds.trade_asset_changes} />
@@ -580,13 +581,13 @@ export default function FundsPage({
         <div className="panel-head">
           <div>
             <div className="eyebrow">Durable ledger</div>
-            <h3>Successful trades</h3>
+            <h3>{SUBMISSION_COPY.ledgerTitle}</h3>
           </div>
-          <div className="status-subtle">PostgreSQL-backed pagination</div>
+          <div className="status-subtle">{SUBMISSION_COPY.ledgerSubtitle}</div>
         </div>
         <TradesTable items={trades.items} />
         <div className="pagination">
-          <div className="status-subtle">{`Page ${trades.page} of ${trades.total_pages} - ${trades.total} successful trades`}</div>
+          <div className="status-subtle">{SUBMISSION_COPY.ledgerCountLabel(trades.page, trades.total_pages, trades.total)}</div>
           <div className="button-row">
             <button
               className="button secondary"
diff --git a/test/submission-copy.test.mjs b/test/submission-copy.test.mjs
new file mode 100644
index 0000000..84d3a45
--- /dev/null
+++ b/test/submission-copy.test.mjs
@@ -0,0 +1,24 @@
+import test from 'node:test';
+import assert from 'node:assert/strict';
+
+import { SUBMISSION_COPY } from '../src/operator-dashboard/static/lib/submissionCopy.js';
+
+test('submission copy does not present submissions as trades', () => {
+  const text = [
+    SUBMISSION_COPY.statusTileLabel,
+    SUBMISSION_COPY.statusTileSubtitle,
+    SUBMISSION_COPY.recentMetricLabel,
+    SUBMISSION_COPY.termsEyebrow,
+    SUBMISSION_COPY.termsTitle,
+    SUBMISSION_COPY.termsEmpty,
+    SUBMISSION_COPY.ledgerTitle,
+    SUBMISSION_COPY.ledgerSubtitle,
+    SUBMISSION_COPY.ledgerEmpty,
+    SUBMISSION_COPY.ledgerCountLabel(1, 2, 3),
+  ].join(' ').toLowerCase();
+
+  assert.ok(text.includes('submission'));
+  assert.ok(!text.includes('successful trades'));
+  assert.ok(!text.includes('asset deltas'));
+  assert.ok(!text.includes('trade-driven'));
+});