Expiry Rates Rules

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

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

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

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 and therefore, Leverate 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 TradeRush calculates the expiration price as the mid price which equals to (Bid + Ask)/2.

 

 

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