What is a day profit and loss?

Day Profit/Loss (Day P/L) represents the daily profit or loss since the previous close of an instrument.

Do Currency Movements Affect Day P/L?

Yes. Intraday currency fluctuations impact Day P/L when a position is held in a currency different from your account currency. This can create a difference between Day P/L in instrument currency and Day P/L in account currency.

Example (Cash Instrument in AUD)

Assume you bought 100 shares of BHP Group Limited (AUD instrument) from a USD account:

• Previous day's closing price: AUD 50 per share

• Previous day's exchange rate (USD/AUD): 1.40

• Current BHP share price: AUD 51 (price increased)

• Current USD/AUD exchange rate: 1.35 (AUD appreciated)

This means:

• Day P/L in instrument currency = 100 × (51 – 50) = AUD 100

• Day P/L in account currency = 100 × [(51/1.35) – (50/1.40)] = USD 3,777 – USD 3,571 = USD 206

Even though the stock price rose, the P/L measured in USD is lower due to exchange rate fluctuations.

Are Trade Fees or Accruals Included in Day P/L?

No. Day P/L does NOT include costs, financing accruals, or corporate action adjustments.

When Is Day P/L Reset?

Day P/L resets at End-of-Day for all instruments.

Supported Asset Types for Day P/L

Day P/L is calculated for all assets except:

• FX Options

• FX Forwards

Why Might Day P/L for Positions Differ from 1-Day Return on Account Level?

Differences arise due to varying calculation methods:

• 1-Day Return tracks the change in Account Value from real-time Account Value vs the previous day’s Account Value.

• Day P/L tracks the daily profit/loss since the prior close of the instrument.

Other Factors That Can Cause Discrepancies

1. Real-time vs delayed prices – The Account Value uses real-time data, while the Positions module may use delayed pricing (depending on your market data subscription).

2. Different closing price definitions – The Account Value may use slightly different price sources compared to the Positions module.

3. FX rate variations – If a position is traded in a currency different from the account base currency, exchange rate movements can influence return values.

4. Accruals on account level – Financing costs and corporate actions affect Account Value but are NOT included in Day P/L calculations.

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