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Understanding a DARWIN's quote

The DARWIN's quote is determined by the return of the DARWIN since its inception. All DARWINs start with a quote of 100.

What does the DARWIN's quote mean?

The DARWIN's quote is determined by the return of the DARWIN since its inception — all DARWINs start with a quote of 100. Unlike traditional assets, the quote is not set by market supply and demand, but by the return generated from the positions executed in an underlying signal trading account.

Introduction

A DARWIN is a distinct financial asset whose quote is not determined by market supply and demand, but by the return generated from the positions executed in an underlying signal trading account.

Additionally, the size of a position in a DARWIN is not decided by the underlying trading strategy, but by the Risk Engine designed by Darwinex Zero.

Where can I see a DARWIN's quote/price?

1. On its profile

Every DARWIN is listed with a base of 100.

This means that, at birth, all DARWINs will quote at 100.

2. On its return curve

This curve reflects the return in terms of a percentage.

This means that all DARWINs are listed starting at 0% (quote value = 100) and historic return is added to the starting quote of 100.

Initial value

All DARWINs start with a quote of 100 and a return of 0%.

Current quote

As the underlying strategy carries out trades, the DARWIN will replicate these trades with a position size determined by Darwinex Zero's Risk Engine.

The result of replicating these trades provides a return that will add to, or subtract from, the value of the DARWIN's initial quote and its return.

Monthly returns

The percentage results for each month can be seen just below the DARWIN's return chart, in the ''Return/Risk'' tab.

Quote history

You can also view the return curve of any DARWIN on its return chart and the historical quotes in candlestick format:

If there are active positions on the underlying strategy, the DARWIN quote will update periodically (refer to the platform for the current refresh rate).

The price shows what an investor would have theoretically obtained if they had invested in the same currency as the underlying strategy (EUR, USD or GBP), with an initial value of 100.

The value and the return of a DARWIN are calculated based on the opened and closed trades up to that precise moment, taking into account commissions, spreads, and swaps.