Bid price — represents the maximum price a trader is willing to pay to buy a share of stock or other security
Ask price — represents the minimum price a trader is willing to take for selling a share of stock or other security
Position — the amount of contracts is owned by the trader. There are two types of position:
Long — trader purchased X future contracts on the buy side, i.e. obligating the trader to buy X units of the underlying asset upon the settlement of the contracts
Short — trader purchased X future contracts on the sell side, i.e. obligating the trader to sell X units of the underlying asset upon the settlement of the contract
Oracle price (Spot price in our case) — the market price of the underlying asset represented on our Exchange. On our Exchange Oracle Price would be calculated as a weighted average from four markets: CoinBase, Kraken, Binance, Bitfinex.
Entry price — the price at which the trader opened a position (bought or sold contracts). (denominated in USD)
Exit price — the price at which the trader closed position.
Last Traded Price (LTP) — the price of the last trading agreement on the exchange.
Last Traded Quantity (LTQ) — the number of contracts that were traded at LTP.
Paid price — the price at which the trader opened a position/create an order that denominated in USD.
Paid Price = Entry Price / leverage
Please note that the Paid price is rounded up to a multiple of 10.
Settlement (date) — when the deal between 2 traders is closed (one of them took a long the other short on the same security)
Open Interest — number of all existing futures contracts in the market at the moment.
Futures contract — a legal agreement to buy or sell a particular commodity or asset at a predetermined price at a specified time in the future. The buyer of a futures contract is taking on the obligation to buy the underlying asset when the futures contract expires. The seller of the futures contract is taking on the obligation to provide the underlying asset at the expiration date.
Leverage — Futures trading allows traders to buy and sell contracts using a small fraction of the full value of what they’re buying and selling. The Digitex exchange give to traders 1, 2, 5, 10, 50, 100 leverage.
Cash-settled Futures — a settlement method used in certain futures and options contracts where, upon expiration or exercise, the seller of the financial instrument does not deliver the actual (physical) underlying asset but instead transfers the associated cash position.
Perpetual Futures — A perpetual contract is a special type of futures contract, but unlike the traditional form of futures, it does not have an expiry date. So one can hold a position for as long as they like, unless there was a Global Settlement Date announced by the Exchange.
Tick Size — is a measure of the minimum upward or downward movement in the price of a security. On our Exchange the Tick Size is 5$, meaning that the price of the futures is changing by 5$ i.e. 0$, 5$, 10$...500$, 505$, 510$…
Tick Value — 0.1 DGTX
Tick Index — the conversion factor from DGTX to USD.
Tick Index =Tick Size / Tick Value
Contract value — the value of 1 contract in DGTX.
Contract value = Last Traded Price / Tick Index