Tom – Next Rates

• 11/14/2017 at 7:58 PM #52769
  Vonasi

  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.

  

  Vonasi

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

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

  

  Despair

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  11/14/2017 at 10:40 PM #52781
  Vonasi

  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.

  

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  11/14/2017 at 11:02 PM #52785
  Vonasi

  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.

   

  

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