Page Comparison

...

• Lot Selection Method (27): multi-lot Future positions are often closed using Modified FIFO (MFIFO), which is a variation of FIFO that closes lowest cost lots first when relieving multiple open lots from a given date
  • If Futures are going to be comingled with other securities, you may have to set up a Mixed Cost Basis Rule to enforce MFIFO specifically for Futures, as described in Manage Mixed Cost Basis Rules
  • Regular FIFO only considers the Event Sequence (126) when relieving multiple open lots from a given date
  • Details about MFIFO and other lot relief methods are available in Understand Lot Selection Methods
• Futures & Options with Margin Transaction Fees (3889): this only affects Futures with VM and allows the commission and fees to be either included or excluded in cost for gain/loss calculations
• Net Futures Positions (632)
  • Yes: long and short trades are netted to a single long position (all trades are considered long, with negative units if a position or trade is short)
    • This is allowed even if Tech Short Eligible (57) = No, which would typically prevent negative units
  • No: long and short trades create two separate position rows (trades and positions are considered long or short, always with positive units)
• Futures Clearing Broker (634): there can only be one Clearing Broker per futures trade
  • The trade panel will automatically default to this value, but it can be overridden if necessary

Some clients have a requirement to process the same Future with VM in certain funds and without VM in others. This can be accomplished by using a Variation Margin Override Rule. Refer to Override a Security's Variation Margin Setting for an Entity for details.