TT Position management

right gents, got a question about how spreads + outrights are displayed in TT.

Probably best to give you an example:

Bought Z8H9
Sold Z8M9
Bought H9M9

Did that on Eurodollar STIRS today. The outright contracts net out to zero - but the market window shows me long the two 3 months spreads and short the six month.....

then went on to

Bought U8Z8
Sold U8H9

so short Z8H9.... position in outrights confirms this, yet the Market Window still shows me long Z8H9 from the first set of trades - I am long and short the same spread simultaneously?!

It's all rather confusing. Shouldn't the spreads and the outrights offset each other? Selling a spread shows up in the "outrights" , but it seems the only way for TT to "close" (for want of better word) a spread position is to buy / sell it back to the market.

It makes the PnL confusing as hell (with all these open positions, that arent really there), and I dread to think what legging into or out of a spread will look like.

Anybody got a way around this / in the same situation but theres something I don't know?

Be kind, I'm learning.

Mr Gecko,

Souns like you are looking at filled orders window or something like that. You will only have a short Z8H9 position after these trades. Once your outrights are flat, thats it, you are flat! You do not need to flatten the spread position as well as you have already done it.

I used TT before and never had the problems you are experiencing. I would have a word with your IT guy or tlk to TT direct as you may have some settings wrong.

Lucky_81 said:

Mr Gecko,

Souns like you are looking at filled orders window or something like that. You will only have a short Z8H9 position after these trades. Once your outrights are flat, thats it, you are flat! You do not need to flatten the spread position as well as you have already done it.

I used TT before and never had the problems you are experiencing. I would have a word with your IT guy or tlk to TT direct as you may have some settings wrong.

Click to expand...

Hello Mr. Gecko,

I'm happy to find another GE spread trader to speak with. I also use xtrader to trade GE spreads. You can configure your fill window to not show spread fills. go to the properties setup area and on the 'fill' tab there's a box labeled 'Display spread/strategy positions'. It sounds like you have that checked. I keep mine unchecked so i dont see the spread fills.

cheers-

Muchos Gracias!!

Thanks for the help guys; got it sorted. It is now plain to see how much I've lost cocking about over durable goods