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Demonstration data — not live and not venue-verified. Equity perpetuals are derivatives, not shares.

Why this label
EPIC

Fictional broker-integrated venue

Aperture

Aperture is a fictional broker-integrated venue. Leverage is lower, collateral is USD, and the sample client base is professional and corporate.

Aperture is fictional. It is not an operating exchange. Nothing here is a term you can rely on, and EPIC does not say the design is safe.

Demonstration · Snapshot 25 Sep 2026, 20:00 UTC · Not a live feed, venue quotation, or verified term.

Sample entity
Aperture Broker Markets LLC (fictional)
Governing law in the sample
State of New York (sample clause)
Data completeness
Disclosed

Aperture is a fictional broker-integrated venue. Leverage is lower, collateral is USD, and the sample client base is professional and corporate.

A US entity in the header does not mean US persons are supported. The sample terms restrict them. Read the eligibility card, not the mailing address.

Index contracts on Aperture are where EPIC shows an insufficient-data confidence score when the source count is missing.

Equity-perp listings

Trading and contract model

  • Cash-settled contract distributed by a broker. The user faces the fictional broker entity, not a share registrar.
  • Maximum leverage 5×. Margin mode is cross only in the sample.
  • Index multipliers differ from single-stock multipliers. Compare the specification, not just the ticker.

Collateral and settlement

Collateral USD. Settlement USD. Cash-settled. No share delivery.

Funding mechanics

  • Four-hour sample funding cycle.
  • Rates in the file are small relative to Harbor. That is a demonstration contrast, not a recommendation.

Reference and mark

  • Raw label: reference mark.
  • Regular session uses the listing exchange print with a stated 15-minute fallback. Weekend method is only partial.

Liquidation, insurance fund, ADL

  • Broker sample: margin call, then forced reduction at the mark.
  • No auto-deleveraging language. Category recorded as not applicable.
  • Insurance fund not applicable in the sample; the broker names its own capital without a figure.

Corporate-action policy

  • ETF distributions: sample says the mark is adjusted and no cash is credited.
  • Index reconstitutions: not disclosed.

Eligibility

  • Retail is restricted in the sample. Corporate onboarding is described as available.
  • UK is supported in the sample terms. That still does not mean a given UK person may trade.

What EPIC knows, what the sample discloses, and what is unverified

Known: the fields in this file. Disclosed: only inside the sample. Unverified: all of it, against any real venue.

  • Aperture sample contract specification · demo-aperture-spec-001
  • Aperture sample mark and funding note · demo-aperture-mark-001
  • Aperture sample access statement · demo-aperture-elig-001

Rule-change history

  • 2026-05-20 · SPX · Out-of-hours method: Not disclosed → Partial weekend fallback