06-29-2020, 06:30 AM
Here in Australia we have access to CFD's via the IB platform .
I would like to see this instrument supported in APM. Orders are placed using the underlying symbol however they are of type CFD rather than STK.
One possible issue could be that the symbol IB use in its reporting ( and maybe API) has the suffix "n" to signify its a CFD
eg IBM underlying IBMn is CFD
so when placing an order we use IBM CFD but the API might return IBMn as the executed symbol. Not sure on this as I don't have much knowledge of the API but I do see the suffix used in their flex reports
CFD's are used to overcome margin restrictions and provide leverage greater than REG-T so many people use them
I would like to see this instrument supported in APM. Orders are placed using the underlying symbol however they are of type CFD rather than STK.
One possible issue could be that the symbol IB use in its reporting ( and maybe API) has the suffix "n" to signify its a CFD
eg IBM underlying IBMn is CFD
so when placing an order we use IBM CFD but the API might return IBMn as the executed symbol. Not sure on this as I don't have much knowledge of the API but I do see the suffix used in their flex reports
CFD's are used to overcome margin restrictions and provide leverage greater than REG-T so many people use them