GlossaryMarkets & assets

Spot price

The current quoted level of the referenced market instrument. It provides context for measuring strike or barrier distance.

Do not confuse

Common comparison error

Spot price describes the current market reference; it does not guarantee that the binary contract uses that screen value for entry or settlement.

Practical use

How to verify Spot price

Read Spot price together with Ask price, Bid price, OTC instrument. The comparison must preserve the exact rule, value, state, and evidence described below.

A neutral example

Gold spot is 2,350.20 when a broker offers a strike at 2,355.00. The 4.80 distance is context only until the contract identifies the exact quote side and settlement reference.

Evidence path

Where to verify Spot price

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

Symbol information and market scheduleMatch the symbol to its underlying market, price source, trading hours, weekend treatment, and settlement availability.

Broker platform recordCompare the platform symbol and timestamp with the named market or provider instead of relying on the asset label alone.