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- PCI Trading Features
PCI Trading Features
Current Bid and Ask prices of PCI are calculated, based on current Bid and Ask prices of all components, taking into account their weights in the structure of the instrument. PCI is quoted to the sixth decimal point (the sum of digits before and after the decimal point), i.e. the number of digits after the decimal point will be determined and fixed at the moment of creating or modifying PCI. Due to the fact that new ticks of the components arrive at different hours, PCI spread slightly deviates from stable average value.
PCI swaps are calculated as a sum of swaps of all components of the given instrument.
The created PCI can be traded only at trading hours of its components.
Note that PCI trading actually means group operations with its components, when a series of deals can be made in given volumes and directions by one command. Created PCIs are available only on the user's terminal and deals on components arrive to NetTradeX server, where the transfer client's position to the markets of available assets and hedging are performed. Moreover, while making deals with PCI, fractional volumes appear for many components, which is not common for classic trading, but all deals arrive to the server, where all clients' deals on each asset are summed, as for the transfer and hedging, they are executed by lots (the fractional balance from the asset sum is very little and is considered by the company risk-management).
If the trader has opened a PCI position, all corresponding positions of this personal instrument components are also there in the terminal and are available to the trader. Moreover, in case the trader closes the position on even one component, that PCI ''breaks down'' (and is deleted from the PCI database), but all components remain as common positions.
Common pending and linked orders of Take Profit and Stop Loss can be set on created PCI, like on common instruments.
When calculating PCI charts, presented by "Bars" and "Candles", High and Low prices for each bar are calculated and displayed indicatively (because of much time spent on calculation for large time frames), while Open and Close prices are calculated exactly. So, for exact building of indicators and graphical objects, it is recommended to present charts by "Lines" and to use Open and Close prices for building. PCI display on the charts, of course, does not affect the accuracy of making deals and activating orders.
Limitations on working with PCI in the current version of NetTradeX terminal:
- The maximum number of PCIs per account are not more than 100;
- The maximum number of PCIs in "Instruments in Use" subset are not more than 10 per "Workspace";
- The maximum number of assets (base plus quoted) are not more than 25 per PCI;
In order to work with PCI by GeWorko Method, you should download the terminal and open an account in NetTradeX platform.
You can find the instruction how to create and apply PCI by GeWorko Method on NetTradeX terminal on ''Quick Guide'' page.
Traders and fund managers can find articles on the application of GeWorko Method in regularly updated section "Articles about the method" in IFC Markets website.