How to Verify an OTC Price Source

Required observations

1. OTC-001
   What exact symbol and suffix are displayed?

   Ticket or asset-list capture

   Copy citation Copy row link
2. OTC-002
   Does the platform call it OTC, synthetic, derived, weekend, fixed time, or another product name?

   Ticket plus first-party product page

   Copy citation Copy row link
3. OTC-003
   Which entity and account domain provide this instrument?

   Authenticated account footer or applicable terms

   Copy citation Copy row link
4. OTC-004
   What start, end, weekday, weekend, and timezone rules are stated?

   Asset schedule and capture timestamp

   Copy citation Copy row link
5. OTC-005
   Was the recognizable underlying market open or closed during the observation?

   Session calendar for context only

   Copy citation Copy row link
6. OTC-006
   Does the platform name an exchange, liquidity provider, benchmark, vendor, calculation method, or proprietary source?

   First-party quote or settlement terms

   Copy citation Copy row link
7. OTC-007
   Are quote time, timezone, decimal precision, and update cadence visible?

   Timestamped ticket or history capture

   Copy citation Copy row link
8. OTC-008
   Does the accepted order preserve the entry reference or strike used for settlement?

   Accepted order record

   Copy citation Copy row link
9. OTC-009
   Does the order preserve exact expiry time and timezone rather than only a countdown?

   Accepted order and history

   Copy citation Copy row link
10. OTC-010
    Does the history show the settlement price and source or method?

    Settled order record and first-party terms

    Copy citation Copy row link
11. OTC-011
    What happens after a bad tick, outage, delayed quote, or later price correction?

    First-party execution or settlement terms

    Copy citation Copy row link
12. OTC-012
    Do web and mobile show the same symbol, session, payout, expiry, and settlement fields?

    Same-account captures under matched conditions

    Copy citation Copy row link

Classification outcomes

market reference

The platform identifies a recognizable market instrument and a reference source or method that can be checked for the observed session.

broker priced otc

The platform identifies an off-exchange or broker-priced instrument whose quote or session is distinct from the referenced market.

proprietary synthetic

The platform identifies a proprietary or derived index with its own generation, schedule, or settlement explanation.

unclear

The available ticket and first-party terms do not support one of the other classifications.

Use unclear when a named source, observation time, or settlement basis is missing.

Classification rules

1. Do not classify from a name or icon alone.
2. An external price difference does not by itself prove manipulation; instruments, timestamps, sessions, spreads, decimal precision, and settlement methods must first be matched.
3. Do not call an OTC or synthetic price market-derived unless a first-party source identifies the reference method.
4. Do not call a market-reference symbol exchange-traded unless the contract and price-source terms support that claim.
5. Use unclear when the named source, observation time, or settlement basis is missing.

Minimum citation bundle

• Instrument and product labels
• Operating entity and account domain
• Observation timestamp and timezone
• Stated session
• Named source or explicit absence of a named source
• Accepted entry reference
• Expiry timestamp
• Settlement record
• Applicable first-party terms URL