thanks lee, but i'm building a model for a trading company that wants to translate individual equity positions into an overall index position, so it would be usefull to knowm whats going on
The market tells you where it is at all times, by the time a human has worked it out (or built a program that works it out) the divisor would have changed. The market is already divided and gives you the price, the divisor works out to give you this ie, if you paused the market now (only effective at market closes or weekends) you'd have a price worked out by the current calculations of the market, ie, ftse100 = 6220.
The market sectors are also broken down in this same way and broken down further for individual stocks against value of company.
I'm interested to know how attempting to build something that is always changing (and beaware that your always behind the exchange) could help a trading company when the prices are already worked out and in front of you/them.
This process is extremely complicated not to mention unecessary and costly and I'm also interested why you would want to ask random traders on a traders site to give you direction into something that is already built, example the exchange prices.
Current divisor figure is - Index: FTSE 100
Index Symbol: UKX
Effective Date:
Start of trading on Tuesday, March 25, 2008
New Divisor:
2367979790.000
Not 24123, if you get this wrong at any time or not updated then your market price goes out of sync with the underlying market and will give false signals that cannot be traded successfully. Why not just use a platform like any other trader.
The trading company you are building it for sounds like they are pulling your leg, like a left handed hammer or a bubble for a spirit level or tartan paint.
Why would they send you off to do a job that they dont need or is not required, just give them a trading platform, but then they'd have one already as they are a trading company.
I'm sure your have an answer for this!
