Support Board
Date/Time: Mon, 13 Jan 2025 07:39:48 +0000
LMAX XTI - Crude, why is there a difference
View Count: 723
| [2017-04-13 13:57:23] |
| Mack - Posts: 83 |
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I have noticed that Crude XTI (and Brent) is always more expensive on the LMAX trading venue. I am curious why is this so? What market forces are causing this to happen? I understand this is not strictly a SierraChart question; its rather specific to LMAX, but I only trust the people on this forum. Bloomberg = $53.04 LMAX Xti = $53.48 This difference is always there. It is surprising to me. The other instruments are very close to the normal market price. Date Time Of Last Edit: 2017-04-13 13:59:46
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| [2017-04-13 14:00:33] |
| Mack - Posts: 83 |
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screenshot
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 difference.png / V - Attached On 2017-04-13 14:00:29 UTC - Size: 166.96 KB - 237 views |
| [2017-04-13 14:48:02] |
| AndyL - Posts: 119 |
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This is a question for Lmax support. Its because one is a Futures price and the other a spot price. At the time of expiration of the futures contract in May both prices should be similar. The futures contract has the cost of carry built into its price, while at lmax you pay/are payed the cost of carry on a daily basis, like in FX.
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| [2017-04-13 15:03:26] |
| Mack - Posts: 83 |
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Thanks for this clear explanation.
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