Tom – Next Rates

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  • #52769 quote
    Vonasi
    Moderator
    Master

    Does anyone know of a website where I can find the Tomorrow Next (Tom Next) rates? I’d like to add some form of calculation into forex strategies for holding overnight costs so need a source for daily rates.

    #52775 quote
    Despair
    Blocked
    Master

    I asked IG where I could find this information and they could not provide a source.

    #52781 quote
    Vonasi
    Moderator
    Master

    Well that is very helpful of them. Sometimes me thinks they don’t want us to have too much information! Surely this Tom Next rate is not an international secret and can be found somewhere on the internet? I guess I could just look at what I was last charged for holding overnight and reverse calculate it. Thank god for those algebra lessons at school.

    #52785 quote
    Vonasi
    Moderator
    Master

    Seems I was Googling the wrong thing. TomNext otherwise known as ‘swap rate’. Plenty of calculators out their for that:

    https://www.fxpro.co.uk/trading/calculators/swap

    or

    https://www.xm.com/forex-calculators/swaps#forex-calculator

    Only problem is that they all give different results! One step close. One step at a time.

    #54461 quote
    AutoStrategist
    Participant
    Veteran

    Hi Vonasi, I had forgotten about this until I came across it again while browsing the blogs, you may already have seen it, if not it could be very useful for working out the effect of overnight charges on a strategy:

    https://www.prorealcode.com/blog/learning/overnight-fees-calculation-proorder-strategies/

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Tom – Next Rates


General Trading: Market Analysis & Manual Trading

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Vonasi @vonasi Moderator
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This topic contains 4 replies,
has 3 voices, and was last updated by AutoStrategist
8 years, 2 months ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 11/14/2017
Status: Active
Attachments: No files
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