Boom synthetic indices are algorithmically generated markets designed to include upward spike events as part of their price behaviour.
ThinkMarkets currently offers:
- Boom 300;
- Boom 600; and
- Boom 1000.
What do 300, 600 and 1000 mean?
The number refers to the average expected number of ticks between upward spike events over time.
For example:
- Boom 300 has upward spike events more frequently on average than Boom 600 or Boom 1000.
- Boom 1000 has a longer average interval between spike events.
The interval is an average.
It is not a fixed schedule.
A Boom 300 spike is therefore not guaranteed to occur exactly every 300 ticks.
What moves Boom indices?
Boom synthetic indices do not track a real-world asset or financial market.
Their prices are generated algorithmically, so they are not directly driven by economic news, company announcements or events in traditional financial markets.