Does anyone know what time LIFFE take the closing price for the Gilt to be?
It trades until 18.00 but i assume they take the closing price at an earlier time
Also what is difference between closing and settlement price
Believe the settlements are done 30mins prior to close and that is where Liffe mark-to-market variable margin. The closing price is where market closes at 18:00. Sometimes their settlements are very odd and I have a suspicion that they may employ a moron to decides these levels.
that sounds specific and technical so I'm going to go with that!
Guesstimating the time from when it changes on my TT screen.
Are you all trading gilts at the moment? Have been on them for about 4 months myself and am having an 'interesting' time of it!
Would agree with that! I follow but don't trade the bund and guess that although it can really move, there is enough liquidity to get out on. Was initially trading it in a responsive manner by buying on support (and v.v.) but after getting caught by blips once too often am thinking a breakout style or jumping on the momentum after it's turned might be better ways to play it. Any insight from a Gilt vet on major dos and don'ts?