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Who Is Responsible for Calculating and Disseminating the Official Settlement Price?

The official settlement price is typically calculated by the clearing house associated with the exchange, or by a designated, independent index provider. The clearing house is the central counterparty that guarantees the transaction and needs a definitive price for margin calls and final settlement.

The price is then disseminated to all market participants.

Explain the Difference between a Designated Market Maker and an Independent Liquidity Provider
What Is the Role of a Designated Market Maker (DMM) on a Traditional Options Exchange?
What Is the Function of a Clearing House in a Traditional Options Exchange?
What Is the ‘Settlement Price’ and How Is It Determined by the Clearing House?