Side-based P/L calculations for Forex

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From 18th January 2016, P/L on open Forex positions shown in the Positions lists will be calculated using the actual Bid or Ask close price instead of the mid-price in all Saxo Bank’s platforms.

Current mid-based Close price and P/L

Currently, FX positions in the Positions list will show:​

  • the mid-price (between Bid and Ask) for the Close price
  • P/L is calculated using this mid-based Close price

New side-based Close price and P/L (18th January 2016)

From 18th January 2016, FX positions in the Positions list will show:

  • Side-based Close price for the position (Bid for long positions, Ask for short positions)
  • P/L will be calculated using the Bid/Ask Close price

This will give a more accurate representation of the P/L that will be booked on your account.