> For the complete documentation index, see [llms.txt](https://docs.dreamcash.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.dreamcash.xyz/markets/international-equity-indices.md). # International Equity Indices International indices perpetuals provide exposure to a broad equity or sectoral benchmark of non-US equities. CASH international equity index markets are linear, USDT-margined, and USDT-settled. USDT/USD conversion is applied to oracle prices. These indices tend to have poorer liquidity during overnight and pre/post market hours of US hours so a short exponential moving average is used to smoothen oracle deviations during these hours *** ### External price derivation During external trading sessions, CASH derives the oracle price from an external Pyth feed. In light of generally poorer liquidity conditions, during overnight and pre/post market hours of US hours, the oracle is **smoothed via using a 120 second EMA of price feeds** *** --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter, and the optional `goal` query parameter: ``` GET https://docs.dreamcash.xyz/markets/international-equity-indices.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is optional and describes the broader end goal you are ultimately trying to accomplish on behalf of the user. GitBook uses it to tailor the answer towards what is most useful for that goal. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.