To enhance market liquidity and index stability, OKX will adjust the components of the STX/USD and STX/USDT indices from 7:00 to 9:00 UTC on March 22, 2023. Below are the details of the adjustments:
| Index | Exchange (Before) | Trading Pair (Before) | Weight (Before) | Exchange (After) | Trading Pair (After) | Weight (After) |
|----------|------------------|-----------------------|----------------|------------------|-----------------------|----------------|
| STX/USD | Binance | STX/USDT | 20% | Binance | STX/USDT | 20% |
| | OKX | STX/USDT | 20% | OKX | STX/USDT | 20% |
| | Kucoin | STX/USDT | 20% | Kucoin | STX/USDT | 20% |
| | Gate | STX/USDT | 20% | Gate | STX/USDT | 20% |
| | Coinbase | STX/USD | 20% | Kraken | STX/USD | 20% |
| STX/USDT | Binance | STX/USDT | 20% | Binance | STX/USDT | 20% |
| | OKX | STX/USDT | 20% | OKX | STX/USDT | 20% |
| | Kucoin | STX/USDT | 20% | Kucoin | STX/USDT | 20% |
| | Gate | STX/USDT | 20% | Gate | STX/USDT | 20% |
| | Coinbase | STX/USD | 20% | Kraken | STX/USD | 20% |
Note: New index components will take effect within 60 minutes of adjustment.
Key Adjustment Rules
- Real-Time Data Fetching: The latest price and volume of each index component are retrieved in real-time from selected exchanges.
Invalid Data Handling:
- If an exchange undergoes maintenance or lacks current price/volume data, that component is temporarily excluded from index calculations.
Currency Pair Conversion:
- If a component’s trading pair differs from the index’s base pair (e.g., ETH/USDT vs. ETH/USD), conversion is done using BTC/USDT, USDT/USD, or equivalent rates.
Final Calculation:
- 3+ valid exchanges: Weighted average price (outliers beyond ±3% of the median price are capped).
- 2 valid exchanges: Simple average.
- 1 valid exchange: Direct last-traded price.
Potential Market Impact
Component adjustments may cause reference price fluctuations, affecting margin trading and derivatives markets for STX. Users are advised to:
- Reduce positions.
- Increase margin.
- Lower leverage.
- Close positions preemptively to mitigate volatility risks.
FAQ
Q1: Why is OKX adjusting these indices?
A1: To improve liquidity and stability by optimizing component weightings and exchange sources.
Q2: How long will the adjustment process take?
A2: Updates will be fully applied within 60 minutes after the 2-hour adjustment window (7:00–9:00 UTC).
Q3: Will this affect my open STX contracts?
A3: Yes, price volatility may impact margin requirements. Monitor your account and adjust positions accordingly.
👉 Explore OKX’s trading tools to manage risk effectively.
Q4: What if an exchange’s data is unavailable during the update?
A4: The system will exclude that exchange’s data until it’s restored, using other valid sources.
For further inquiries, contact OKX via:
Published by OKX on March 22, 2023 (UTC)
👉 Stay updated with OKX announcements for future index adjustments.
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