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GlossaryPricing & settlement

Observation window

The period during which a touch, no-touch, stay, or barrier condition is monitored. Some contracts observe the full path, while others use only the final price.

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Do not confuse

Common comparison error

An expiry duration and chart interval remain different even when both show the same minutes around Observation window and Barrier.

Practical use

How to verify Observation window

Read Observation window together with Expiry-only observation, Barrier, Barrier breach. The comparison must preserve the exact rule, value, state, and evidence described below.

A neutral example

An end-of-day Observation window names 16:00 New York. Venue close, auction calculation, broker settlement, and Expiry only observation are recorded separately. The scenario is specific to Observation window: start, end, sampling, outage, and path rules determine which price movements count.

Evidence path

Where to verify Observation window

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