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Profit
and Loss
You can see P&L on the trading screens and in the Account window.
- Position -
Shows your position in the instrument.
- Market Value
- Equal to the position * market price.
- Avg Price -
The average price is calculated by dividing your cost (execution price
+ commission) by the quantity of your position. This value is then
used to determine your unrealized P&L. Right-click the field name and select Configure Precision to specify additional decimal places that will display as superscript.
- P&L -
Shows your profit and loss for the current day. You can elect to show
New Position P&L displayed as P&L (N) which shows P&L only for transactions executed today, or
Daily P&L which includes all open positions.
- Unrealized P&L -
The difference between the current market value and the average price
of your position.
Note: Select "Display Both" from the right-click menu to show the unrealized P&L as both a value and a percentage of the initial investment.
- Realized P&L
- Shows your actual profit or loss on closed positions, which is the
difference between your entry execution cost (execution price + commissions
to open the position) and exit execution cost (execution price + commissions
to close the position).
- Cost Basis
- (the current position x average price).
To display New Position P&L
1. Right click the P&L field.
2. Uncheck Include
today's opening position in P&L calculation. The field
heading will display P&L (N)
to indicate it's for new positions only.
To display Daily P&L
1. Right click the P&L field.
2. Check Include today's opening position
in P&L calculation. The field label will read P&L.
P&L Calculations
By default, Daily P&L is calculated on all positions in your portfolio in the time zone of each instrument. To modify the default P&L settings go to Global Configuration and from the General page find the P&L Time Zone section.
Daily P&L calculation:
PositionNow * PriceNow - positionAtResetTime * priceAtResetTime + NetAmountTraded
- For instruments that open and close the same day, ResetTime is five minutes before midnight in the time zone of the instrument.
- For instruments that open today and close tomorrow (trade through midnight) Reset Time is five minutes before it opens for trading, in the time zone of the instrument.