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Derivatives is your futures ledger. Each entry is a fill: a futures trade your broker executed for a number of lots of one contract month at one price. A lot is the exchange’s standard contract size, such as 10 tonnes. Use the ledger to see your net position and link each fill to the physical contract it hedges.
Needs the Derivatives and Counterparties modules, since every fill is booked against a broker. Allocating fills also needs Contracts or Trades. Ask your workspace admin.
Before you start, your admin sets up your brokers as counterparties with the Broker role (see Counterparties) and each futures instrument you trade, with its tonnes per lot and currency (see Futures instruments).

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Read the ledger

Open Derivatives in the sidebar. The strip at the top has one tile per open contract month: the instrument, net lots long or short, tonnage, average price and number of fills. Expired months are left out. The table lists each fill’s date, broker, contract month, lots (positive for a buy, negative for a sell), price, the physical contract it’s allocated to, and its allocation status: Unallocated, Part, Allocated, or Closed for a closing trade such as a buyback. Workspaces using Hedging or a connected external system see extra columns for those. Search by reference, broker or month. Filter and Display narrow, group and sort the table; your layout is remembered.

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Log a fill

  1. Click + Manual entry.
  2. Pick the Commodity · Exchange, Direction (Buy or Sell), Lots, Contract symbol (for example Z6), Price, Trade date and Broker. Optionally add the account, exchange reference, commission per lot and Purpose (Hedge or Speculative).
  3. Click Save. Lots must be a whole number and the price positive.
Fills can also arrive from hedge plans confirmed in the Inbox. See Hedging. Click a fill to see its trade details, allocations, source and activity. You can edit or delete a fill entered by hand, but not its commodity, exchange or contract symbol. Remove its allocations before deleting it. Fills from the Hedging workflow can’t be edited or deleted here.

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Allocate a fill to a contract

Allocation records which physical contract a fill hedges, so you can see how much of each contract’s tonnage is covered.
  1. Open the fill and go to Allocation.
  2. Under Add allocation, search by contract number. Purchase and sale contracts are both offered; a fill allocated to a sale contract fixes that sale’s price.
  3. Enter the lots and click Add. You can’t allocate more lots than the fill has.
The card shows the running total, for example “8 of 10 lots · 80 of 100 MT hedged”. A fill can be split across several contracts. The fills allocated to a contract also appear on its contract page, and each broker’s counterparty page has a Futures section with its fills and net lots by month.

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Next steps

  • Hedging: hedge plans and broker requests in the Inbox.
  • Contracts: see the fills allocated to each contract.