PCI Trading Features

After the creation of the PCI, you can place it in the “Market watch” window and start to trade as a common instrument, set pending and linked orders Take Profit and Stop Loss. Current Bid and Ask values of PCI are calculated from the current Bid and Ask values of all the assets, included in the instrument, taking into account their weights in the structure of the PCI. The quotation accuracy of the PCI is defined by the accuracy of the components included in it and is set in six digits (the number of digits before and after the decimal point). The typical spread of PCI is defined by the weighted averages of the instruments included in it.

In addition, PCI swaps are calculated as a sum of swaps of all its components. The already created PCI may be traded only during the trading sessions of the assets included in it. It should be noted that PCI trading actually represents a group of operations with the included components, when it is possible to perform series of deals set in volumes and directions with only one command. Therefore, the purchase or sale of the PCI may be decomposed into positions on common instruments.

If a trader has opened a PCI position, all the corresponding positions of the components included in the instrument are also available in the trading terminal. Moreover, when a trader closes his/her opened position on at least one of the components, the PCI “breaks down” (and is removed from the PCI database), but the rest of the components are saved in the system as ordinary positions.

There is no “Order distance” for PCI, orders may be set “directly in the market.” However, the trader cannot put forward a fixed slippage value and get a re-quote. Trading is realized by market prices of the instruments included in the PCI at the moment of receiving the order by the server.

When calculating the PCI charts, represented in “Bars” and “Candles,” High and Low values for each bar in future will be calculated to the minute accuracy when downloading the charts from the server. At present the charts are downloaded from the server only with Open and Close values without the minimum (Low) and maximum (High) price of the time frame. The values of the minimum and maximum price of the time frame are available only on the charts, built in real time mode with the turned on client terminal. The display of the PCI on the charts does not impact the accuracy of performing deals and activating orders.

Limitations on working with PCI in the current version of NetTradeX terminal:

  • The maximum number of PCIs is not more than 100 for one account;
  • The maximum number of PCIs in the subset of “Instruments in Use” is not more than 10 for one “Workspace”;
  • The maximum number of assets (base plus quoted) is not more than 25 for one PCI;

For working with PCI you need to download the terminal and open an account on NetTradeX platform.