This is quite surprising as someone cominng from an IT background...
Longer downtime should be scheduled for weekends, not ending 10 minutes before market opens.
Downtime should be avoidable in most cases nowadays, outside of possibly a quick blip. Redundant, high availability systems should allow for rolling updates to prevent downtime.
As long as you still have the ability to switch to average I think its fine. I was in the habit of simply excluding individual outlier cycles, so average vs median isn't a big deal to me.
Excellent. Thanks @MH74. It seemed to work that way and I appreciate you confirming. Currency futures aren't something I'd utilised before but after having had a chat to my bank today it looks like they'd be an easier to manage hedge as I can more easily increase/decrease my hedge as my USD holdings vary (my bank gave me the impression that it was a rather onerous process to vary the size of the hedge on a regular basis).
I appreciate the help. Thanks again!
From a similar IT background, it would appear they suffered an unplanned outage. Their lack of transparency, though, is disturbing, considering this is an active trading platform, not some entertainment site. Definitely very disappointing.
Hi @gf58
Yes, you're right. A currency future is the contractual obligation of two contracting parties to deliver a foreign currency at a specific date at a predetermined price. If you buy a currency future, you have the right to receive the foreign currency at the fixed price at the end of the term of the future. If you sell a currency future, you must deliver the foreign exchange at that time. As you can see, this is the exact same philosophy as the forward exchange transaction.