Index and marking contract price

Since only derivative financial instruments with high leverages are traded at BITEX.ONE, index and marking prices are used for binding the contracts to spot markets and eliminating the contract price manipulation possibility.
Contract index price is calculated on the basis of data from one or several spot exchanges and is used for formation of settlement indicators, additional indexes, and marking price.
Marking price is used for functioning of risk management system and is intended for prevention of manipulations with the contract market price by large market participants.

Marking price is calculated on the basis of index price and market price of the contract. Marking price reacts to index price change instantly and reacts to market price change slowly, which enables to avoid series of liquidations caused by sharp price outbreaks. Comprehensive information on index and marking prices for a specific contract can be found in specifications of instrument.