Derived instrument

A derived instrument allows the price data of one or more securities to be calculated using a formula from at least one other instrument. A derived instrument is therefore always dependent on at least one other instrument. A derived instrument is assigned to a stock exchange and an asset class and can therefore be traded in GT.

Formula

A formula consists of numbers, variables, mathematical and Boolean operators and possible functions. GT uses the framework EvalEx - Java Expression Evaluator, therefore see the website for the possible functions.

Variable the assignment to an instrument

A maximum of 5 variables with the letters o, p, q, r, s can be used in a formula. The variables must be assigned to a security. These variables are the placeholders for the corresponding historical or intraday price.

Derived instrument in practice

A practical example with a derived instrument. From one troy ounce of gold in USD to 100 grams of gold in CHF. A security, currency pair and a formula for calculating the historical and intraday rates are used.

Unfortunately only in German:

Additional information can be found in the video of price data.