Tom – Next Rates

Vonasi · 2017-11-14T18:58:21+00:00

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.

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11/14/2017 at 7:58 PM #52769 quote

Vonasi
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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.

11/14/2017 at 9:32 PM #52775 quote

Despair
Blocked

Master

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

11/14/2017 at 10:40 PM #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.

11/14/2017 at 11:02 PM #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.

12/01/2017 at 8:57 AM #54461 quote

AutoStrategist
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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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