--- title: How are prices for tokens or shares determined on Alta or the exchange (AltaX)? description: How AltaX determines and display price information on Alta or Exchange platform --- [Skip to content](https://help.alta.exchange/investor-resources/how-are-prices-for-tokens-or-shares-determined-on-alta#main-content) English Show submenu for translations [![Alta Logo](https://help.alta.exchange/hs-fs/hubfs/Alta%20Colored%20-%20No%20Tagline%20(1).png?width=400&height=100&name=Alta%20Colored%20-%20No%20Tagline%20(1).png)](https://help.alta.exchange?hsLang=en) Open main navigation Close main navigation - English Show submenu for translations - [Go to alta.exchange](https://alta.exchange/) [Go to alta.exchange](https://alta.exchange/) This is a search field with an auto-suggest feature attached. - There are no suggestions because the search field is empty. 1. [Hi 👋How can we help?](https://help.alta.exchange/investor-resources?hsLang=en) 2. [Alta Exchange](https://help.alta.exchange/investor-resources/alta-exchange?hsLang=en) # How are prices for tokens or shares determined on Alta or the exchange (AltaX)? ## How AltaX determines and display price information on Alta or Exchange platform For both digital and non-digital assets, the **Last Price** is determined by the price at which a buy and a sell order are matched on the Exchange (“***Last Traded***”), or also known as *matched orders*. ### Last price for Digital asset(s) In the absence of any *matched orders* for a **digital asset**, the exchange will default to: 1. Price based on comparable transactions (“**Last Transacted**”) that involves the same asset or; 2. Price based on the initial listing price (“**Listing Price**”) as determined by the issuance of tokens for same asset This approach allows investors to benchmark their holdings or order prices against external market valuations, providing a more accurate assessment of the asset's value. ### Last price for Non-Digital asset(s) In the absence of any *matched orders* for **non-digital** **asset**, the exchange will default to: 1. The latest recorded ask price on the order book or; 2. The latest reference ask price for the underlying asset ### Last bid or ask for Digital asset(s) The last bid and ask prices for a **digital asset** are shown based on the latest highest bid or lowest ask order that is **open** and placed in the order book. If there are no open orders, a dash ("-") will be displayed. ### Last  bid or ask for Non-Digital asset(s) The last bid and ask prices for a **non-digital asset** are displayed based on: 1. The latest open bid/ask order in the order book or; 2. If there are no open orders, the display will show: 1. The most recent known bid or ask price, regardless of its status *(closed or expired*) or; 2. 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