Commodities
Commodities
Commodities in BFS are mostly used for displaying spot prices but can also be traded.
| Property | Description |
|---|---|
| Type | The instrument type, select Commodities |
| Name | The name of the instrument. |
| Status | The status determines what user type the instrument should be available to |
| Visible Status | The status determines what user type the instrument should be visible to |
| Currency | The currency that the instrument is based in |
| Tax Country | The country where the instrument is based according to tax reasons |
| Property | Description |
|---|---|
| Price Decimals | The number of decimals to use when showing the price of the instrument |
| Display Percentage Price | If checked the price will be displayed as a percentage value, in the database the value of 98% will be stored as 0.98 but shown as 98%. In this example we are using currency values as the price. |
| Price | The price of the commodity |
| Price Date | The date when the price was set |
| Multiplier | For commodities the value multiplier can be used for linking the price to the tradeable quantity of the commodity. For example, if we would like our customers to trade Gold in grams but the price that we have quotes the price per kilo the multiplier could be set to 0.001. This means that if the customer would enter an order for 1 unit the value of the trade would be calculated like this: 1 unit x 1300 price x 0.001 mult = 1.3. |
| Decimals | This is a legacy property that should be left blank |
| Quantity Decimals | This is the number of decimals that should be used for the units. We want to offer trading in Gold for 1/100s of a gram so we enter 2 decimals for the quantity setting. |
| Property | Description |
|---|---|
| Datasheet URL | A link to an instrument description |
| Categorization | Instrument Categorization |
| External Reference | A reference that could be used to link the instrument to an external system or some other reference |
| Fee Category | Which fee category the instrument should belong to according to /wiki/spaces/KB/pages/66584622 |
| Buy Commission | The percentage commission charged on buy orders |
| Sell Commission | The percentage commission charged on sell orders |
| Early Sell Fee | The percentage fee charged on orders that are being executed within the lock in period. |
| Product Compensation | The percentage of kickback that should be given to the associated re-seller on the orders of the instrument |
| Account Type Limitation | Determines if the instrument should be limited to certain account types. |
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