# Secondary Market Price Risk

The secondary market price of index tokens is determined by the forces of supply and demand among participants who wish to buy or sell them, third-party arbitrageurs, as well as the effects of minting and redemption activities.&#x20;

OpenDelta does not control, and cannot guarantee, that index tokens will continuously trade at a price that perfectly reflects the underlying value of the basket assets.&#x20;

Fluctuations in the market price or value of the underlying basket assets will not necessarily lead to a proportional change in the market value of the index tokens.&#x20;

Accordingly, acquiring index tokens should not be interpreted as equivalent to directly purchasing or holding the assets comprising the corresponding Index Basket.

<br>
