There is no way in the world that "Precision Futures" made $11,400 on 1 soybean contract on a movement of 19 tics…
BTO 1 @BON9 SOYBEAN OIL
4006 6/1/09 10:38
STC 1 4025
6/1/09 10:58
n/a
No calc
$11,400
19 x 600 = $11,400
Sorry, wrong.
IB also mad an error in the contract description.
If 19 points in Soybeans were that amount, it would be perhaps the largest commodities contract n the history of trading
I think the point-value problem has been fixed. Sorry for the problem.
Index,
IB still states the multiplier for the Soybeen Oil contract as 60000, so $0.19 x 60000 would be $11,400. Maybe that was the reason for the wrong reporting on C2’s hypothetical returns which has now been corrected.