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GlossaryPricing & settlement

Barrier breach

A recorded event in which price touches or crosses a barrier under the contract rule. The contract terms define whether touching, crossing, bid/ask pricing, or another condition counts.

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Do not confuse

Common comparison error

A final price inside a range does not prove Barrier breach success when the full path or Settlement price is monitored.

Practical use

How to verify Barrier breach

Read Barrier breach together with Observation window, Settlement price, At-the-money settlement rule. The comparison must preserve the exact rule, value, state, and evidence described below.

A neutral example

A Barrier breach ticket settles from final price while Observation window monitors the full path. The example crosses a boundary and returns before expiry. The evidence must resolve the defining Barrier breach boundary: a touch, cross, sampled observation, or stored-price event counts only under the contract's trigger wording.

Evidence path

Where to verify Barrier breach

Use the source that governs the exact contract, account, entity, or platform state. A general definition cannot replace current broker terms.

Order ticket and contract historyPreserve the displayed quote source, entry value, strike or barrier, cutoff, final value, timestamp, and correction status.
CFTC customer protection materialUse regulator material to separate a displayed return from probability, authorization, and account safety.Open source