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Determine underlying of commodities DFB


Bopperz

Question

Hi,

Is there a way to determine the exact underlying that IG are using for their prices. I know that they often make an adjustment for the futures roll, which I am okey with. I am after the underlying.

With Example:

London Sugar No 5. Under the product details, it would be very helpful to list the exchange, the product code etc. There isn't much info on there currently.

In this case I believe it is the ICE traded futures contract with code 'W'. Which ICE call 'White Sugar Futures', no mention of London or No.5 that I can see.

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image.thumb.png.05b6f18c34a3d3b46394baf98dddc3d4.png

Edited by Bopperz
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47 minutes ago, Bopperz said:

Is there a way to determine the exact underlying that IG are using for their prices. I know that they often make an adjustment for the futures roll, which I am okey with. I am after the underlying.

Hi, not sure of the answer but I have done comparisons with IG's dax and the underlying exchange which it tracks. The 2 prices would kind of dance around each other, neither would mostly lead or lag but seemed to take turns and regularly drifted 5 points apart but quickly came back together. Occasionally they would drift as much as 10 points but because neither was the constant lagger and because they merged again so quickly there was no chance to take advantage of the temporary discrepancy. 

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