If settlements are used to calculate p&l at the end of the day, and they're released at 2pm, if I buy below settles, will I make money for the day for sure?
Am I missing some information here?
What are settlements prices good for?
Did you market make them or trade them directionally? Did you keep a portfolio of the spreads or close out your positions daily? Why did you stop trading them?
Does anyone market make eurodollars here?
I've been doing this for about a month now and I don't know what I don't know.
Any words of wisdom or experience is appreciated!