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Execution price not matching position price
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Execution price not matching position price

  #1 (permalink)
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Execution price not matching position price

In NT7, has anyone found their position avg price does not match the executed price?
this is on live account and single trade so not averaging is needed.
my broker statement and NT log show the correct execution but the chart trader and position tab are wrong???

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  #2 (permalink)
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factoring in commission fees perhaps?

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  #3 (permalink)
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i do not have comm. fees configured in NT.

Also, you will note I didnt say anything about profit or loss but NT changed my actual entry price. Execution tab is correct, broker statement is correct, NT7 log is correct but the position tab is wrong.

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  #4 (permalink)
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I don't have comm. fees configured in NT either and I do have the same situation as you mention.
I am with IB and if I factor in the entry commission to take the trade I fall on the price that NT displays...

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  #5 (permalink)
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NT says it has to do with market to market accounting and that is the reason for the discrepancy.

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  #6 (permalink)
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I've noticed entry price will change after 10 PM with IB. No clue why.

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  #7 (permalink)
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Fadi View Post
I don't have comm. fees configured in NT either and I do have the same situation as you mention.
I am with IB and if I factor in the entry commission to take the trade I fall on the price that NT displays...

Been fighting with NT and IB about this to no avail. I think it is because IB is factoring commissions in the fill prices, and sometimes also by averaging split fills. I don't believe that should be done. The execution price should have absolutely nothing to do with commissions. This screws up all my strategies, stop placement, trailing, everything. Sometimes the price between the IB log, the TWS display and the NT log will all be different. I have to write code to specifically counteract this. NT should put pressure on IB to report the unaltered execution prices, but I doubt that will ever happen.


Last edited by monpere; December 6th, 2012 at 09:41 AM.
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  #8 (permalink)
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in my case it is not commissions otherwise for a 1 lot that would have been a commission of $240 lol.

it seems to be the broker making the account mark to market at the end of the day and then they post the carry over...so the execution price is what you got not what is seen in the avg price on the position tab.

when using an automated strategy....this mark to market does not affect my strategies and all of my strats. use execution price as the reference price for other computations....

however, if your strat. tries to reference things like account value or current profit/loss then i see it maybe cause a coding issue unless you have the code reference your execution price and not try to grab values from current account.

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  #9 (permalink)
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Please can anybody explain the term "mark to market"? What is the background for this?

Thanks,
Koepisch

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  #10 (permalink)
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Koepisch View Post
Please can anybody explain the term "mark to market"? What is the background for this?

Thanks,
Koepisch

Sure...

- Enter Long 1 @ a price of 1000
- Market closes at a settlement price of 2000
- Your statement for the day shows a profit of 1000 (2000 - 1000)
- Next day your position price is now 2000 (marked to market)
- Market closes at 1500
- Your statement for the day will show a loss of 500 (2000 - 1500)

More information - Mark To Market (MTM) Definition | Investopedia

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