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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