Forex open positions module

The module below shows snapshots of Saxo Bank clients' FX open positions for major currency pairs. Select one pair from the "Aggregate Position Ratios" chart to drill down into position information for a single pair.

For more information on what the charts show and how to use them, please refer to the notes below the chart.

How to interpret these FX open position charts

1. What is it for?

Use the Forex Open Positions module to search for extreme positioning in particular currency pairs or for concentrations of positions that might result in support or resistance.

2. Aggregate Position Ratios

Shows the relative size of position by USD value held by Saxo Bank clients in a selection of currency pairs, and the relative proportion of longs versus shorts by currency pair. The aggregate positions will add up to 100%. Currency pairs not in the table are not included in the denominator of the calculation of the aggregate position.

3. Normalised Net Position

Shows the net position held by Saxo Bank clients for a single currency pair selected from the Aggregate Position Ratio chart. The net position is normalized to only reflect changes in net positioning over the displayed period. The normalization is carried out using the calculation below which results in the normalized exposure varying in the range [-1,1], showing only relative changes in the exposure in the displayed time period.

4. Price Chart

Shows the mid-price for the currency pair selected from the Aggregate Position Ratio chart.

5. Instrument Open Positions

Shows Saxo Bank clients' long and short positions at an instance in time in a single currency pair selected from the Aggregate Position Ratio chart. Positions are grouped by buckets of a specific number of pips. The sum of all positions will add up to 100%.

6. Time Selector

Drag the vertical bar to investigate how the positions have changed over the time period on display. Select a display period and resolution from the calendar drop-down to see positioning in different time periods.

7. Date Range, Resolution Selector

Set the start and end date to the time range you want to see data for. Click the left calendar to set the start date, and the right to set the end date. Resolution is the duration between data samples, choose between day, hour, or by logging into TradingFloor: 15 minute sampling frequency.