Page History: Frequently Asked Questions
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Page Revision: 2011/06/23 08:05
Question 1:
Why do my P&L calculations look wrong in markets that have different price formats between the front and back months?
Answer 1
If the price format of a market changes from one day to the next, remaining GTC orders and rollover positions will be incorrectly priced. For example, the front month Euro trades in 0.0025 increments compared to 0.005 for all back months. The new front-month contract begins trading in the 0.0025 increments on the same trade date as the last trading day of the expiring front-month contract. Any order that remains in the system in the old format will not display correctly and could have a significant impact on P&L and rollover positions. These orders need to be cancelled and reentered. Rollover positions then need to be reentered with the new format using the "pit trade' functionality.
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Question 4
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