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Principal Market Price Index (PRIMKT)

The PRIMKT Index identifies and utilizes data from the most significant trading venue for each asset pair, providing a focused view of price discovery in the most liquid markets.

Key Features:​

  • Designed to follow the guidelines regarding fair value measurement issued by the International Financial Reporting Standards and the Association of International Certified Professional Accountants, specifically standards IFRS 13 and FASB ASC 820
  • Utilizes assets price from singular point of time
  • Uses a clear, easy-to check methodology

Methodology Overview:​

PRIMKT determines the exchange with the highest trading volume for each asset pair over a specified period. It then uses the most recent price from this "principal market" as the definitive index value.

Use Cases:​

  • Fair value measurement
  • Preparing financial statements