Expiry Rate Rules

Expiry Rate Rules

 

General Information

All rates are calculated based on the last known rates provided by Reuters.

Titan Trade offers a variety of asset classes for its clients: stocks, currencies, commodities and leading indices.

If you wish to trade an asset which is not offered on our platform, please contact us by phone or via support@titantrade.com, and we will do our best to add the requested asset.

The following expiry rules apply to all assets according to the asset class:

Currencies:  (Bid + Ask)/2

Stocks:  (Bid + Ask)/2.

Commodities:  (Bid + Ask)/2

Indices (except S&P 500, S&P FUTURE, NIKKEI FUTURE, NASDAQ FUTURE):  Last Quote.

S&P 500, S&P FUTURE, NIKKEI FUTURE, NASDAQ FUTURE: (Bid + Ask)/2

Relevant terms used to calculate expiration rates:

Bid – The last known price prior to the option’s expiration time, for selling an asset quoted by Reuters.

Ask – The last known price prior to the option’s expiration time, for buying an asset quoted by Reuters.

Last Quoted Price – The last known price prior to the option’s expiration time. This price may be the same or different than the bid or the ask prices.

Indices, such as the Dow Jones or the FTSE, are calculated based on the last traded price of all the stocks listed in the index, therefore Reuters creates a last price for the index. A participant in the market can only buy the stocks or Exchange Traded Funds (ETF) and not the actual index.

Stocks and currencies have quotes of Bid and Ask. E.g. for Citigroup and Google stocks there is a price for buying the asset and a price for selling the asset, therefore Titan Trade calculates the expiration price as the mid-price which equals to (Bid + Ask)/2.

For Information, including expiry rules regarding each specific asset traded on the platform, see also asset index.

Expiry Rates for One Touch Options

One touch options require a more analytic understanding of the Binary Options market but can also provide a much higher payout—up to 500%. Expiry rates are based on the target rates of each asset. The target rate for each asset is determined by the average closing rate throughout the day, and the asset price is determined using the (Bid + Ask)/2 formula in order to understand the rate or the last price according to its price throughout the day.