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- expiry rates rules
All rates are calculated based on the last known rates provided by Reuters.
The following expiry rules apply to all assets according to the asset class:
Currencies : (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)/2Relevant terms used to calculate the expiration rate :
Bid - The last known price prior to the options expiration time, for selling an asset quoted by Reuters.
Ask - The last known price prior to the options expiration time, for buying an asset quoted by Reuters.Last Quoted Price - The last known price prior to the options expiration time that was actually payed for the asset. (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 and 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 TraderXP 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.
1. The weekly One Touch option can be purchased on the weekend only. The sale of One Touch options opens on Saturdays at 12AM GMT and closes on Sundays at 20:00pm GMT for all One Touch Options expiring at the close of the coming week.
2. The one touch has two expiry conditions – above or below.
3. A One Touch option is based upon a daily sample rate, if this daily sample rate is reached the One Touch expires “in or at the money” and the investor is entitled to a payout of the full value of the option at the week’s close. If, throughout the week, the sample rate is not reached the investor will lose their initial investment.
4. The One Touch terms and conditions are a supplementary addendum to TraderXP’s existing terms and conditions as written on our website and by no means impair or replace them in any manner whatsoever.
Expiry Rules:
EUR/USD –The 17:00 expiry rate as provided by Reuters
Reuters code : EUR=
Calculation : (Bid + ask)/2
AUD/USD - The 17:00 expiry rate as provided by Reuters
Reuters code : AUD=
Calculation : (Bid + ask)/2
GBP/USD- The 17:00 expiry rate as provided by Reuters
Reuters code : GBP=
Calculation : (Bid + ask)/2
OIL - The 17:00 expiry rate as provided by Reuters
Reuters code : CLV1
Calculation : (Bid + ask)/2
GOLD - The 17:00 expiry rate as provided by Reuters
Reuters code : AXU=
Calculation : (Bid + ask)/2
NASDAQ FUTURE - The 17:00 expiry rate as provided by Reuters
Reuters code : NQC1
Calculation : (Bid + ask)/2
The daily sample can be seen under "Expiry rates" .
For further information on TraderXP’s expiry rate rules please consult our Expiry Rate Rules
- Binary Options
- One Touch
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1)
Choose from our wide variety of assets.
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2)
Simply press the “CALL” button if you believe that the value will exceed the listed price at expiration, or press the “PUT” button if you feel that the value will decline below the listed price at expiration.
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3)
Insert your initial investment sum and press the "Apply" button.
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4)
Make the chosen profit on your investment.
