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Price-source evidence

How to Verify an OTC Price Source

Record the exact instrument, session, named source, accepted entry reference, expiry, and settlement record before classifying an OTC price.

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Observation checklist

Capture the fields that can support a classification

A familiar symbol, icon, or external price difference is not enough. Match the instrument, session, timestamp, quote precision, accepted reference, expiry, and settlement basis.

Required observations

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

    Ticket or asset-list capture

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

    Ticket plus first-party product page

  3. OTC-003
    Which entity and account domain provide this instrument?

    Authenticated account footer or applicable terms

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

    Asset schedule and capture timestamp

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

    Session calendar for context only

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

    First-party quote or settlement terms

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

    Timestamped ticket or history capture

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

    Accepted order record

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

    Accepted order and history

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

    Settled order record and first-party terms

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

    First-party execution or settlement terms

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

    Same-account captures under matched conditions

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.

Publication boundary

Classify the evidence, not the instrument name

Classify what a platform discloses about an instrument and settlement source without treating the instrument label as proof

Reuse the checklist

Link to one observation field when documenting a gap. Preserve the exact platform label and source evidence rather than replacing an unknown field with an inference.