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AllXBTUSDT17086.0+0.74%XBTUSD17092.0+0.74%XBTEUR16277.0+1.26%XBTUSDTH2316938.5+1.61%XBTUSDTZ2216931.5-1.80%XBTM2316738.0+0.43%XBTZ2217006.5+0.84%XBTH2316860.0+1.19%ADAUSDT0.3216-0.43%ADAUSD0.3234-0.12%ADAZ220.00001873-1.37%APEUSDT3.967+0.03%APTUSDT5.133-1.08%APTUSD5.130-0.93%AVAXUSDT13.626-0.29%AVAXUSD13.625-0.65%AXSUSD6.83-1.01%BCHUSDT110.45-1.12%BCHUSD110.65-1.12%BMEXUSDT0.778-6.94%BMEXUSD0.775-7.19%BNBUSD291.35-0.22%BNBUSDT288.10-0.76%USDTBRL5.3775+0.00%CROUSDT0.06440-1.09%CROUSD0.06563+1.75%DOGEUSDT0.10362+2.26%DOGEUSD0.10364+1.62%DOTUSDT5.527-0.84%DOTUSD5.558-0.04%EOSUSD0.9304-1.02%ETHUSDT1268.80-0.11%ETHUSD1270.45+0.02%ETHUSD_ETH1261.25-0.79%ETHUSDTZ221269.75+1.58%ETHUSDZ221297.35+0.48%ETHZ220.07422-0.91%ETHUSDZ22_ETH1270.35+0.00%ETHPOWZ223.55+0.00%EURUSD1.00008+0.00%EURUSDT0.99230+0.00%GMTUSD0.3918-0.68%GMTUSDT0.3947+0.00%USDTINR80.496+0.00%KLAYUSDT0.18743-1.27%KLAYUSD0.18791-0.71%LINKUSD7.358-0.49%LTCUSDT76.30-0.09%LTCUSD76.39-0.01%LUNAUSDT1.6302-1.73%LUNAUSD1.6386-1.29%MATICUSDT0.9162-0.14%USDTMXN20.000+0.00%NEARUSD1.688-1.69%USDTSEK11.0324+0.00%SOLUSDT13.50-0.22%SOLUSD13.55+0.00%USDTTRY17.8889+0.05%XRPUSDT0.3907-1.39%XRPUSD0.3906-0.84%XRPZ220.00002265-1.99%USDTZAR18.2030-37.19%.BXBT17097.78+0.72%.BETH1269.03-0.09%.BVOL24H1.05+14.13%Funding: 01:44:07 @ 0.0007%Time: 6:15:52 PM UTC
BitMEX Indices

BitMEX indices are composite, meaning that they are calculated using a number of data sources. BitMEX currently has 19 data sources: Binance, Binance US, Bitfinex, BitMEX, BitMEX Index, Bitstamp, Bittrex, Bybit, Coinbase, Cryptodotcom, Gateio, Gemini, Huobi, Kraken, Kucoin, LBank, Lido, OKX, Poloniex, Refinitiv.

Aiming to be representative of the underlying asset’s market consensus price, each BitMEX index is calculated as a weighted average of the Last Price for each constituent exchange. Index prices are calculated and published every 5 seconds. The index weights are shown in the table below. The constituents and index weights are reviewed and updated on a quarterly basis. Changes will be announced on the BitMEX website, on the BitMEX blog and via the BitMEX RSS feed, with three weeks notice before implementation. The BitMEX “NEXT” indices will be published at that time to track the hypothetical price of the indices with the new weights.

BitMEX Index Weights, assuming no constituent exchanges have been excluded due to Index Protection Rules, applicable from 30 September 2022 at 12:00:05 UTC. For current weights incorporating any exclusions refer to the relevant Composite Index Breakdown.

USD Index Family

Binance Binance US Bitfinex BitMEX Bitstamp Bybit Coinbase Gateio Gemini Huobi Kraken Kucoin LBank OKX
.BADA ⤇46.52% 3.11% - - - - 24.53% ⤇5.45% - ⤇3.09% 2.87% ⤇7.94% - ⤇6.49%
.BAPT ⤇33.34% - 33.33% - - - - - - ⤇33.33% - - - -
.BAVAX ⤇50.49% - - - - - 18.97% ⤇9.66% - ⤇2.96% - ⤇11.12% - ⤇6.80%
.BAXS ⤇77.43% - - - - - 6.61% - - - - - - ⤇15.96%
.BBCH - - - - 13.47% - 77.00% - - - 9.53% - - -
.BBMEX - - - ⤇100.00% - - - - - - - - - -
.BBNB ⤇88.25% - - - - - - ⤇5.80% - - - ⤇5.95% - -
.BCRO - - - - - - 25.00% ⤇25.00% - ⤇25.00% - ⤇25.00% - -
.BDOGE ⤇49.76% - - - - - 16.29% ⤇14.26% - ⤇3.94% - - ⤇3.73% ⤇12.02%
.BDOT ⤇46.00% - - - - - 11.00% ⤇9.52% - ⤇5.03% 3.53% ⤇7.54% ⤇4.20% ⤇13.18%
.BEOS ⤇35.00% - - - - ⤇13.66% 3.37% ⤇7.85% - ⤇9.20% - ⤇5.52% ⤇5.83% ⤇19.57%
.BETH - 5.78% 10.35% - - - 67.59% - 4.74% - 11.54% - - -
.BGMT ⤇71.06% - - - - - - ⤇13.72% - ⤇4.74% - - - ⤇10.48%
.BKLAY ⤇69.15% - - - - - - ⤇4.09% - - - - - ⤇26.76%
.BLINK ⤇49.44% - - - - - 25.58% - - ⤇4.27% - ⤇8.91% ⤇3.67% ⤇8.13%
.BLTC - - 10.02% - 6.42% - 74.88% - - - 8.68% - - -
.BLUNA ⤇35.80% - - - - - - ⤇16.97% - ⤇10.46% - ⤇14.90% - ⤇21.87%
.BNEAR ⤇59.27% - - - - - - ⤇9.62% - ⤇9.25% - ⤇7.60% - ⤇14.26%
.BSOL ⤇51.67% - - - - - 25.22% - - ⤇6.44% - ⤇9.61% - ⤇7.06%
.BTRX ⤇54.04% - - - - - - ⤇7.89% - ⤇13.02% - - ⤇4.52% ⤇20.53%
.BUSDC - 6.36% - - - - - - 17.52% - 76.12% - - -
.BUSDT - - 25.27% - - - 21.05% - - - 53.68% - - -
.BXBT - 13.56% 14.13% - 5.85% - 52.01% - 4.38% - 10.07% - - -
.BXRP ⤇51.56% - - - 9.22% - - ⤇4.32% - ⤇5.46% - ⤇11.22% ⤇7.47% ⤇10.75%

⤇ Requires Conversion Index

USDT Index Family

Binance Binance US Bitfinex BitMEX Bybit Coinbase Gateio Huobi Kraken Kucoin LBank OKX
.BADAT 46.52% ⤇3.11% - - - ⤇24.53% 5.45% 3.09% ⤇2.87% 7.94% - 6.49%
.BAPET 63.14% - - - - ⤇13.82% - 9.30% - - - 13.74%
.BAPTT 33.34% - ⤇33.33% - - - - 33.33% - - - -
.BAVAXT 50.49% - - - - ⤇18.97% 9.66% 2.96% - 11.12% - 6.80%
.BBCHT 41.83% - - - - ⤇13.21% 6.63% 6.34% - - 11.29% 20.70%
.BBMEXT - - - 100.00% - - - - - - - -
.BBNBT 88.25% - - - - - 5.80% - - 5.95% - -
.BCROT - - - - - ⤇25.00% 25.00% 25.00% - 25.00% - -
.BDOGET 49.76% - - - - ⤇16.29% 14.26% 3.94% - - 3.73% 12.02%
.BDOTT 46.00% - - - - ⤇11.00% 9.52% 5.03% ⤇3.53% 7.54% 4.20% 13.18%
.BDYDXT 52.04% - - - - - 7.25% - - 4.46% 18.39% 17.86%
.BEOST 35.00% - - - 13.66% ⤇3.37% 7.85% 9.20% - 5.52% 5.83% 19.57%
.BETHPOWT - - - - 7.45% - - 12.29% - 5.06% - 75.20%
.BETHT 48.76% - - - - ⤇14.56% 7.71% 6.80% - 6.40% 5.41% 10.36%
.BETHWT - - - - 7.45% - - 12.29% - 5.06% - 75.20%
.BGMTT 71.06% - - - - - 13.72% 4.74% - - - 10.48%
.BKLAYT 69.15% - - - - - 4.09% - - - - 26.76%
.BLINKT 49.44% - - - - ⤇25.58% - 4.27% - 8.91% 3.67% 8.13%
.BLTCT 44.56% - - - - ⤇21.23% - 6.08% - 5.43% 6.16% 16.54%
.BLUNAT 35.80% - - - - - 16.97% 10.46% - 14.90% - 21.87%
.BMATICT 47.89% ⤇4.38% - - - ⤇20.87% 3.98% 7.22% - 10.12% - 5.54%
.BMKRT 43.17% - - - - ⤇38.16% - 3.26% - 3.44% - 11.97%
.BSOLT 51.67% - - - - ⤇25.22% - 6.44% - 9.61% - 7.06%
.BSRMT 78.80% - - - - - - - - - - 21.20%
.BTRXT 54.04% - - - - - 7.89% 13.02% - - 4.52% 20.53%
.BUSDCT 82.98% - - - - - - 3.83% - 3.84% 6.46% 2.89%
.BXBTT 59.25% - - - - ⤇9.38% - 6.86% - 5.24% 7.94% 5.96%
.BXRPT 51.56% - - - - - 4.32% 5.46% - 11.22% 7.47% 10.75%

⤇ Requires Conversion Index

XBT Index Family

Binance Bitfinex Bitstamp Coinbase Cryptodotcom Huobi Kraken Kucoin OKX Poloniex
.BADAXBT 77.80% - - 5.14% 5.80% 4.54% - - 6.72% -
.BBCHXBT 49.71% - - 14.99% 5.44% 12.68% 3.28% - 13.90% -
.BEOSXBT 35.92% 8.00% - 30.87% - 13.10% - - 12.11% -
.BETHXBT 86.08% - - - - 5.83% - 4.51% 3.58% -
.BLTCXBT 62.84% 5.81% - 8.40% - 5.65% 2.85% - 14.45% -
.BTRXXBT 77.27% - - - - 7.98% - - 10.53% 4.22%
.BXRPXBT 70.47% - 5.46% - 3.42% 10.59% - - 7.00% 3.06%

EUR Index Family

Binance Bitfinex Bitstamp Coinbase Kraken
.BXBTEUR 35.62% 13.29% 11.11% 14.87% 25.11%

Yield Index Family

Lido
.BETHYLD 100.00%

The BitMEX index weights will be updated next on 30 December 2022 at 12:00:05 UTC.

FX Index Family

BitMEX currently uses Refinitiv as its sole data provider for FX indices:

.BEURUSD, .BUSDCHF, .BEURCHF, .BEURTRY, .BUSDTRY, .BUSDINR, .BUSDZAR, .BUSDBRL, .BUSDMXN, .BNZDUSD, .BUSDCNH and .BUSDSEK.

BitMEX uses its .BUSDT index in combination with Refinitiv feeds for the following USDT indices:

.BEURUSDT, .BUSDTCHF, .BUSDTTRY, .BUSDTINR, .BUSDTZAR, .BUSDTBRL, .BUSDTMXN, .BNZDUSDT, .BUSDTCNH and .BUSDTSEK

Update Schedule

The weights for BitMEX indices will be updated immediately after each quarterly futures expiry, with updates based on three months of constituent exchange volume data. The date range for data will be from 00:00 UTC on the first day of the month for the expiring quarterly future to 00:00 UTC on the first day of the month for the next quarterly future.

For example, at 12:00:05 UTC on 25 December 2020, updated weights will be used to calculate the BitMEX indices. These weights will be announced on 4 December 2020 and will be based on constituent exchange volume data from 00:00 UTC on 1 September 2020 to 00:00 UTC on 1 December 2020. These weights will apply to the BitMEX “NEXT” indices from 4 December 2020.

The BitMEX “NEXT” indices (eg. .BXBT_NEXT) will display the hypothetical index prices with the new weights. These index prices will line up with the normal index prices once the announced weights are live (ie .BXBT_NEXT and .BXBT will have the same price).

“NEXT” indices are not used for valuation or settlement, they are used to display hypothetical index prices with new weights before implementation.

BitMEX “NEXT” Index Weights, assuming no constituent exchanges have been excluded due to Index Protection Rules, last updated on 2 September 2022. For current weights incorporating any exclusions refer to the relevant Composite Index Breakdown.

These “NEXT” index weights are computed using three months of constituent exchange volume data from 00:00 UTC on 1 June 2022 to 00:00 UTC on 1 September 2022.

USD Index Family - NEXT

Binance Binance US Bitfinex BitMEX Bitstamp Bybit Coinbase Gateio Gemini Huobi Kraken Kucoin LBank OKX
.BADA_NEXT ⤇46.52% 3.11% - - - - 24.53% ⤇5.45% - ⤇3.09% 2.87% ⤇7.94% - ⤇6.49%
.BAPT_NEXT ⤇33.34% - 33.33% - - - - - - ⤇33.33% - - - -
.BAVAX_NEXT ⤇50.49% - - - - - 18.97% ⤇9.66% - ⤇2.96% - ⤇11.12% - ⤇6.80%
.BAXS_NEXT ⤇77.43% - - - - - 6.61% - - - - - - ⤇15.96%
.BBCH_NEXT - - - - 13.47% - 77.00% - - - 9.53% - - -
.BBMEX_NEXT - - - ⤇100.00% - - - - - - - - - -
.BBNB_NEXT ⤇88.25% - - - - - - ⤇5.80% - - - ⤇5.95% - -
.BCRO_NEXT - - - - - - 25.00% ⤇25.00% - ⤇25.00% - ⤇25.00% - -
.BDOGE_NEXT ⤇49.76% - - - - - 16.29% ⤇14.26% - ⤇3.94% - - ⤇3.73% ⤇12.02%
.BDOT_NEXT ⤇46.00% - - - - - 11.00% ⤇9.52% - ⤇5.03% 3.53% ⤇7.54% ⤇4.20% ⤇13.18%
.BEOS_NEXT ⤇35.00% - - - - ⤇13.66% 3.37% ⤇7.85% - ⤇9.20% - ⤇5.52% ⤇5.83% ⤇19.57%
.BETH_NEXT - 5.78% 10.35% - - - 67.59% - 4.74% - 11.54% - - -
.BGMT_NEXT ⤇71.06% - - - - - - ⤇13.72% - ⤇4.74% - - - ⤇10.48%
.BKLAY_NEXT ⤇69.15% - - - - - - ⤇4.09% - - - - - ⤇26.76%
.BLINK_NEXT ⤇49.44% - - - - - 25.58% - - ⤇4.27% - ⤇8.91% ⤇3.67% ⤇8.13%
.BLTC_NEXT - - 10.02% - 6.42% - 74.88% - - - 8.68% - - -
.BLUNA_NEXT ⤇35.80% - - - - - - ⤇16.97% - ⤇10.46% - ⤇14.90% - ⤇21.87%
.BNEAR_NEXT ⤇59.27% - - - - - - ⤇9.62% - ⤇9.25% - ⤇7.60% - ⤇14.26%
.BSOL_NEXT ⤇51.67% - - - - - 25.22% - - ⤇6.44% - ⤇9.61% - ⤇7.06%
.BTRX_NEXT ⤇54.04% - - - - - - ⤇7.89% - ⤇13.02% - - ⤇4.52% ⤇20.53%
.BUSDC_NEXT - 6.36% - - - - - - 17.52% - 76.12% - - -
.BUSDT_NEXT - - 25.27% - - - 21.05% - - - 53.68% - - -
.BXBT_NEXT - 13.56% 14.13% - 5.85% - 52.01% - 4.38% - 10.07% - - -
.BXRP_NEXT ⤇51.56% - - - 9.22% - - ⤇4.32% - ⤇5.46% - ⤇11.22% ⤇7.47% ⤇10.75%

⤇ Requires Conversion Index

USDT Index Family - NEXT

Binance Binance US Bitfinex BitMEX Bybit Coinbase Gateio Huobi Kraken Kucoin LBank OKX
.BADAT_NEXT 46.52% ⤇3.11% - - - ⤇24.53% 5.45% 3.09% ⤇2.87% 7.94% - 6.49%
.BAPET_NEXT 63.14% - - - - ⤇13.82% - 9.30% - - - 13.74%
.BAPTT_NEXT 33.34% - ⤇33.33% - - - - 33.33% - - - -
.BAVAXT_NEXT 50.49% - - - - ⤇18.97% 9.66% 2.96% - 11.12% - 6.80%
.BBCHT_NEXT 41.83% - - - - ⤇13.21% 6.63% 6.34% - - 11.29% 20.70%
.BBMEXT_NEXT - - - 100.00% - - - - - - - -
.BBNBT_NEXT 88.25% - - - - - 5.80% - - 5.95% - -
.BCROT_NEXT - - - - - ⤇25.00% 25.00% 25.00% - 25.00% - -
.BDOGET_NEXT 49.76% - - - - ⤇16.29% 14.26% 3.94% - - 3.73% 12.02%
.BDOTT_NEXT 46.00% - - - - ⤇11.00% 9.52% 5.03% ⤇3.53% 7.54% 4.20% 13.18%
.BDYDXT_NEXT 52.04% - - - - - 7.25% - - 4.46% 18.39% 17.86%
.BEOST_NEXT 35.00% - - - 13.66% ⤇3.37% 7.85% 9.20% - 5.52% 5.83% 19.57%
.BETHPOWT_NEXT - - - - 7.45% - - 12.29% - 5.06% - 75.20%
.BETHT_NEXT 48.76% - - - - ⤇14.56% 7.71% 6.80% - 6.40% 5.41% 10.36%
.BETHWT_NEXT - - - - 7.45% - - 12.29% - 5.06% - 75.20%
.BGMTT_NEXT 71.06% - - - - - 13.72% 4.74% - - - 10.48%
.BKLAYT_NEXT 69.15% - - - - - 4.09% - - - - 26.76%
.BLINKT_NEXT 49.44% - - - - ⤇25.58% - 4.27% - 8.91% 3.67% 8.13%
.BLTCT_NEXT 44.56% - - - - ⤇21.23% - 6.08% - 5.43% 6.16% 16.54%
.BLUNAT_NEXT 35.80% - - - - - 16.97% 10.46% - 14.90% - 21.87%
.BMATICT_NEXT 47.89% ⤇4.38% - - - ⤇20.87% 3.98% 7.22% - 10.12% - 5.54%
.BSOLT_NEXT 51.67% - - - - ⤇25.22% - 6.44% - 9.61% - 7.06%
.BSRMT_NEXT 78.80% - - - - - - - - - - 21.20%
.BTRXT_NEXT 54.04% - - - - - 7.89% 13.02% - - 4.52% 20.53%
.BUSDCT_NEXT 82.98% - - - - - - 3.83% - 3.84% 6.46% 2.89%
.BXBTT_NEXT 59.25% - - - - ⤇9.38% - 6.86% - 5.24% 7.94% 5.96%
.BXRPT_NEXT 51.56% - - - - - 4.32% 5.46% - 11.22% 7.47% 10.75%

⤇ Requires Conversion Index

XBT Index Family - NEXT

Binance Bitfinex Bitstamp Coinbase Cryptodotcom Huobi Kraken Kucoin OKX Poloniex
.BADAXBT_NEXT 77.80% - - 5.14% 5.80% 4.54% - - 6.72% -
.BBCHXBT_NEXT 49.71% - - 14.99% 5.44% 12.68% 3.28% - 13.90% -
.BEOSXBT_NEXT 35.92% 8.00% - 30.87% - 13.10% - - 12.11% -
.BETHXBT_NEXT 86.08% - - - - 5.83% - 4.51% 3.58% -
.BLTCXBT_NEXT 62.84% 5.81% - 8.40% - 5.65% 2.85% - 14.45% -
.BTRXXBT_NEXT 77.27% - - - - 7.98% - - 10.53% 4.22%
.BXRPXBT_NEXT 70.47% - 5.46% - 3.42% 10.59% - - 7.00% 3.06%

EUR Index Family - NEXT

Binance Bitfinex Bitstamp Coinbase Kraken
.BXBTEUR_NEXT 35.62% 13.29% 11.11% 14.87% 25.11%

The next update for BitMEX “NEXT” index weights will be on 9 December 2022.

FX Index Family - NEXT

BitMEX currently uses Refinitiv as its sole data provider for FX indices:

.BEURUSD_NEXT, .BUSDCHF_NEXT, .BEURCHF_NEXT, .BEURTRY_NEXT, .BUSDTRY_NEXT, .BUSDINR_NEXT, .BUSDZAR_NEXT, .BUSDBRL_NEXT, .BUSDMXN_NEXT, .BNZDUSD_NEXT, .BUSDCNH_NEXT and .BUSDSEK_NEXT

BitMEX uses its .BUSDT index in combination with Refinitiv feeds for the following USDT NEXT indices:

.BEURUSDT_NEXT, .BUSDTCHF_NEXT, .BUSDTTRY_NEXT, .BUSDTINR_NEXT, .BUSDTZAR_NEXT, .BUSDTBRL_NEXT, .BUSDTMXN_NEXT, .BNZDUSDT_NEXT, .BUSDTCNH_NEXT and .BUSDTSEK_NEXT

Example Index Calculation for .BXBT_NEXT

On 2 February 2020 at 00:00 UTC the Last Prices on the constituent exchanges were:

Bitstamp Bittrex Coinbase Gemini Itbit Kraken
Last Price 9377.17 9384.336 9380.18 9380.6 9378 9377.1

These Last Prices are multiplied by the weights to give

Bitstamp Bittrex Coinbase Gemini Itbit Kraken
Last Price 9377.17 9384.336 9380.18 9380.6 9378 9377.1
Weight 10.61% 2.53% 52.30% 6.89% 4.21% 23.46%
Last Price x Weight 994.918 237.424 4905.834 646.323 394.814 2199.868

The sum of Last Price x Weight across all constituents was 9379.181.

The sum of Weights across all constituents was 100%.

So the .BXBT_NEXT price was 9379.181 / (100%) = 9379.18 (rounded to nearest USD cent).

Index Calculation Methodology

BitMEX index is calculated as a weighted average of the Last Price for each constituent exchange. Index prices are calculated and published every 5 seconds. For indices with constituent(s) that require a Conversion Index, the Last Price for the constituent is calculated by taking the product or quotient of the Source Price and the Conversion Index Price, depending on the denominators of the index and the source.

Example index calculation with Conversion Index

The following .BADAT example is for illustration purpose only:

Binance (ADAUSDT) Huobi (ADAUSDT) Kraken (ADAUSD)
Source Price 0.170990 0.171003 0.170913
Conversion Index Not Required Not Required .BUSDT
Conversion Index Price Not Required Not Required 1.00072
Conversion Factor 1 1 1.00072
Last Price = Source Price / Conversion Factor 0.170990 0.171003 0.170790
Weight 72.26% 24.66% 3.08%

So the .BADAT price will be (0.170990 x 72.26%) + (0.171003 x 24.66%) + (0.170790 x 3.08%) = 0.170987.

Index Weight Methodology

The BitMEX index weights are computed using volume data obtained directly via API connection from each of the constituent exchanges listed above. Proprietary mechanisms are used to identify malformed and anomalous data, which is discarded. The index weight calculation removes constituents with insufficient trade volume.

For the avoidance of doubt, and in accordance with BitMEX Terms of Service, HDR Global Trading Limited (operator of the BitMEX trading platform) accepts no responsibility for the accuracy of any volume (or other) data received from any exchange and used to calculate the value of any BitMEX index and excludes all liability for any claimed losses arising in connection with its calculation and publication of any such index.

For further information see the individual index and index weights pages, linked in the tables above.

Index Protection Rules

BitMEX uses several methods to maintain reliable connections to the constituent exchanges. As a fallback the following tests and actions are used:

1 If a constituent exchange is unresponsive, the previous price is used.

2 If a constituent exchange’s price is unchanged for 15 minutes, the constituent is removed from the index until it is operational. This rule will not apply to FX indices which may be unchanged during traditional market closing hours.

3 (a) For indices with 3 or more constituents: if a constituent price differs from the median constituent price for that index by 10% or more, it is excluded from the index calculation.

3 (b) For indices with only 2 constituents: if a constituent price differs from the median constituent price for that index by 5% or more, the last calculated index price will be used. The index is updated once its price differs from the median by less than 5%.

3 (c) For an index with only 1 constituent: if the constituent price is 10% away from the last calculated index price, the last calculated index price will be used. The index is updated once the constituent price differs from the last calculated index price by less than 10%.

4 Excluded constituents are added back to their indices when one of the following conditions has been met for a continuous 15 minute period.

4 (a) For indices with 1 or more remaining active constituents, excluding the use of last calculated index price in 3 (c) above, the excluded constituent is within 2% of the median of the remaining active constituents’ prices;

4 (b) For indices with 1 remaining active constituent, using last calculated index price per 3 (c) above, or no remaining active constituents, the excluded constituent is within 10% of the index price.