Where the Numbers Come From
Trading platforms display prices sourced from one or more data feeds. These feeds aggregate quotes from exchanges, market makers, or liquidity providers. The price you see on screen at any given moment is a snapshot from that feed — it reflects the most recent quote available, not a guaranteed execution price. For liquid assets traded on major exchanges, this snapshot is typically accurate to within fractions of a second. For less liquid instruments, the gap between the displayed price and the price at which your order actually executes can be wider.
Indicative Prices vs Executable Prices
An indicative price is exactly what it sounds like — an indication of where the market is, not a promise of where your order will fill. Most platforms display indicative prices on their public-facing pages, including market showcases and comparison widgets. The price at which your order actually executes — the executable price — is determined at the moment your order reaches the market, which may be milliseconds after you click. In fast-moving markets, the difference between indicative and executable price is called slippage, and it can be a cost or a benefit depending on which direction the market moved.
Spreads and What They Represent
The spread is the difference between the price at which you can buy (the ask) and the price at which you can sell (the bid). It is the most common way a market maker or trading platform earns revenue on each transaction. A tight spread on a liquid asset like BTC/CAD means the market maker is competing for your order. A wide spread on a less traded asset means you are paying more just to enter the position. Before trading any instrument on the Kvarundron BTC platform, look at the spread during normal market hours and during periods of lower liquidity — they are rarely the same.
Aggregated vs Single-Source Data
Some platforms pull price data from a single liquidity provider. Others aggregate quotes from multiple sources and display the best available price. Aggregated data generally produces tighter spreads and better execution quality for the trader, but it also means the platform's displayed price may differ from what you see on a standalone exchange feed. When evaluating the Kvarundron BTC platform's pricing, check the platform's own documentation for how its price feed is structured. If the documentation does not address this, ask the support team directly — it is a reasonable and specific question that a credible operator should be able to answer.