blais
commented
3 years ago Resolution 2021-05-03 Thank you for writing in. We are aware of this behavior. Unfortunately, the Analysis Curve Mode was originally built just for equities when we did not yet offer futures at the time. The developers will be working on some improvements to the Analysis Mode in order to improve the functionality for futures and futures options including currencies.
Although we do not have a concrete ETA or timetable for a solution, the team is constantly working on implementing fixes and improvements for our various platforms and services.
Reporter: Martin Blais Date: 5/3/2021
https://docs.google.com/document/d/1q0jbdsqP_bDIbFroaImbHeiBliCN0xNidpvHmWnGTBw/
Description of problem
The "Trade > Curve" view is impossible to use for options with very small quoted prices. The amount of available zoom simply fails to render this in a usable way.
User Impact
The view is completely unusable.
Steps to reproduce
Place a position on /6J or /6E (any position).
Open up the "Trade > Curve" view. You should witness the price range compressed all the way to the left.
Try zooming in and/or out, or panning left toward it. It will not allow you.
Expected Behavior
The zoom factor should be relative to the ranges of prices in the underlying.
Probable Cause
The zoom factor is probably currently defined in absolute values, values selected for the typical ranges of prices found in stocks.
However, because the range of quoted prices in futures can vary widely (such as in FX instruments, especially in /6J which has a very small quotient to the dollar), the fixed zoom ranges do not allow sufficient scaling of the view.
A solution would be to compute a set of scaling ranges specific to the min/max prices of an instrument seen in the past year, and allow substantial zooming in and out relative to that. A simpler alternative would be to hard-code one of a few sets of ranges, depending on the instrument.
Suggested improvements
The default scaling factor can be improved. Ideally, the scaling factor could be automatically selected to include the minimum and maximum striked of one's positions + some margins.
Attachments
Here are some screenshots.
https://docs.google.com/document/d/1q0jbdsqP_bDIbFroaImbHeiBliCN0xNidpvHmWnGTBw/
/6J (Japanese yen)
/6E (Euros)
These aren't exotic products… very big currencies. It would be worthwhile to render these properly, also because their quotations can be difficult to interpret (because of the small fractions) and visualizing the curve can provide a useful confirmation of one's position.
Platform Details
I hope this helps. Thank you!