Commodities in BFS are mostly used for displaying spot prices but can also be traded.
The instrument type, select Commodities
The name of the instrument.
The status determines what user type the instrument should be available to
The status determines what user type the instrument should be visible to
The currency that the instrument is based in
The country where the instrument is based according to tax reasons
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.
The price of the commodity
The date when the price was set
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.
This is a legacy property that should be left blank
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.