data source is pretty delayed for this oil contract and isnt clear what drives realtime mark.
the other thing is that it seems to be trading over the weekend too when no liquid markets available
given "market price" is mid (bb, bo, last) I can only assume it will be MM dictated
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The lack of good realtime oil pricing is why we're just listing expiring futures, not perpetuals. (If you have a good source of real-time oil pricing, though, we're all ears!)
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That part i understand, but since the index is not real time it's hard to understand what drives market price intraday and especially weekends
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Intraday there are other pricing sources that people could use to estimate; but yeah weekends will be pretty interesting :P
Similar questions about PAXG and XAUT pricing on weekends.
Yea I would just estimate from nymex but I assume can't base index on unlicensed market data. Just thinking that on high leverage intraday liquidation driven by MM which may be whimsical
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