The Quote Monitor module helps you to keep track of the ask and bid prices along with the price Up and Down indicators for the relevant instruments. To add the instruments, you need to drag them from the Instruments module to the Quote Monitor module.
This module displays the following information for each instrument: Instrument (name of instrument), Description, Bid Yield, Ask Yield, Bid Size (quantity of instruments to sell), Bid (instrument bid price with a price direction change indicator), Last (price), Ask (instrument ask price with a price direction change indicator), Ask Size (quantity of instruments to buy), Change (absolute daily change), % Change (daily percentage change), Open Interest, Status (current market activity status) and many other data sets. Press the gear icon in the top-right corner to view the full list of possible columns.
Open Interest (OI) column represents the total number of outstanding derivative contracts that are held by market participants at the end of the day. Each trade completed on the exchange has an impact upon the level of open interest for that day.
- If both parties to the trade are initiating a new position, open interest will increase by one contract (+1).
- If both traders are closing an existing or old position, open interest will decline by one contract (-1).
- The third and final possibility is one old trader passing off his position to a new trader. In this case, the open interest will not change (0).