Posted: Apr 22, 2008 @ 03:33 PM             Msg. 1 of 4

Hi,

I have a new feature request. As in the custom price format,
we can select the format of our own choice and decimal precision as
per our needs.

I request to add third text field to enter the multiplier of our own choice as well. Let me explain it with example. Last price of
Electronic Gold ZGM8 is 920.3. We can change its decimal places,
number of 0s after the decimal etc etc. We assume that in all cases
internally it is multiplied with 1. If we may multiply it with user
entered multiplier, it will facilitate the user to convert the prices
to their local currencies. if we multiply 920.3 with 64.10 (1US$=64.10)
it will give us the rate of 1 lot of Gold in Pak Rupees. Similarly
people of different countries may like to see the prices into their
local currencies and this multiplier feature will be very much helpful
in watching the prices in the local currencies.

Hope above example helps in understanding my point.

Regards,

Azher

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Azher Iqbal
Lahore, Pakistan

Posted: Apr 22, 2008 @ 03:47 PM             Msg. 2 of 4

We will take this request into consideration for future versions, though it does not seem to be a convenient feature - users will have to update this multiplier every time local when currency rate is changed.

Also, contract price is not currency price (USD or EUR) - prices measured in points, and there are a "Per Point" coefficient which is used to determine actual money value.

You can see this coefficient in the contract setup window or enable "Per Point" column in the quotes window.

Posted: Apr 22, 2008 @ 04:02 PM             Msg. 3 of 4

I am sorry for not conveying my point of view accurately. I have referred Gold as an example. This feature can be used
by the trader in any way he likes. It will add more flexibility.

Yes, you are right that the trader would need to update the price each time. But this optional feature will be beneficial for
the trader who wants to use it. This will not be obligation. It is beneficial, that is why requested. It gives the desired results
for some instruments (Not all) as I have referred Gold price,
it works perfect in calculating the Gold, Silver, Copper Price
for me and for some of my fellow traders. I do it manually
in EXCEL SHEET.

"Also, contract price is not currency price (USD or EUR)"

Above sentence needs to be reviewed.

Sorry for any inconvenience.

Regards,

---

Azher Iqbal
Lahore, Pakistan

Posted: Apr 22, 2008 @ 04:30 PM             Msg. 4 of 4

about the contract price:
according to CBOT (http://www.cbot.com/cbot/pub/cont_detail/0,3206,297+21232,00.html)
ZG contract size is 100 fine troy ounces, but price quote is in dollars and cents per one fine troy ounce.

This means that actual money value of 1 ZG contract is quote price ($920.3) multiplied by 100, i.e $92 030, and 1 tick profit or loss value will be not $0.10, but $10.

If your goal is to see gold price per troy once, not per contract - you can ignore that multipler.