Optioning Indices

Optioning indices aggregate the top crypto exchange trades into one feed with a standard format. This denotes that you can have an outlook of the entire crypto market with one simple feed, providing the most precise and up-to-date pricing across the entire market.

Presently, Optioning utilizes 8 constituents: Bifinex, BitMEX, Intrinio, Binance, IEX Cloud, Bitstamp, Poloniex, and Huobi

 

Bitfinex

BitMEX

Intrinio

Binance

IEX Cloud

Bitstamp

Poloniex

Houbi

BTC/

USD

14.21%

13.23%

11.4%

15.07%

10.5%

9.13%

11.13%

15.33%

ETH/

USD

16.66%

-

15%

14.85%

13%

11.94%

14.71%

13.84%

Striving to be the representative of the underlying asset’s market agreed price, Optioning’s indices are calculated as a weighted average of the last price for each constituent exchange. Prices of indices are calculated and published every second.

Example index calculation for Optioning Indices

 

Bitfinex

BitMEX

Binance

Bitstamp

Poloniex

Huobi

Last Price

7610

7571

7556

7562

7545

7556

Weight

18.61%

20%

17%

9.13%

11.63%

23.63%

Last Price x Weight

1416.221

1514.2

1284.52

690.41

877.483

1785.48

The sum of Last Price x Weight across all constituents was 7568.314. The sum of Weights across all constituents was 100%
So the BTC/USD price was 7568.314 / (100%) = 7568.314

Optioning Indices Protection Rules

Optioning implements different approaches to host reliable connections to the constituent exchanges. As a back-up plan, the following tests and actions are used:

  1. If a member exchange is not responding, the preceding price is used
  2. If a member exchange’s price is unaltered for 15 minutes, the member exchange is withdrawn from the index until it is functional

 

  1. (a) For indices with 3 or more member exchanges, if a member exchange price varies from the median member exchange price for that index by 25% or more, it is removed from the index computation. The member exchange comes back to the index when its price varies from the median by less than 25%.

 

  1. (b) For indices with only 2 member exchanges, if a member exchange price varies from the median member exchange price for that index by 12.5% or more, the most recent determined index price will be employed.

 

  1. (c) For index with only 1 member exchange, if the member exchange price is 25% apart from the last calculated index price, the most recent computed index price will be used. The index is refreshed once the member exchange price varies from the most recent computed index price by less than 25%.

Index Weight System

Optioning index weights are calculated using volume statistics gained directly through API connection from each of the member exchanges documented above. Proprietary processes are employed to assess distorted and abnormal data, which is removed. The index weight computation eliminates member exchanges with inadequate trade volume.
For the avoidance of uncertainty, and in compliance with Optioning Terms of Service, Optioning Limited (operator of the Optioning trading platform) takes no accountability for the reliability of any volume (or other) statistics acquired from any member exchange and utilized to compute the value of any Optioning index and does not include all liabilities for any alleged losses arising with regard to its computation and disclosure of any such index.