RPM Advanced User Guide
Contents
1. i j Fi pe P f ni i Y N iu Legend Copy Chart To Clipboard 11600000 11400000 11200000 11000000 h 10800000 j 10600000 Nat In 10400000 H aH 10200000 f p dh K i 10000000 s s ae M i i A Al 9800000 U j AN i 9600000 9400000 I 9200000 9000000 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep L 2010 2011 201 2al dnt gp 2 5 15 0 5 0 5 Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep L201 2011 201 2 tt From the Historical Returns tab you can see a graphical presentation of your daily portfolio performance over time along with the Sharpe ratio If you right click on the graph you will be given the option to copy either the data or the chart to clipboard timestamp 29 10 2010 0 00 30 10 2010 0 00 31 10 2010 0 00 05 11 2010 0 00 06 11 2010 0 00 07 11 2010 0 00 08 11 2010 0 00 09 11 2010 0 00 10 11 2010 0 00 11 11 2010 0 00 12 11 2010 0 00 13 11 2010 0 00 14 11 2010 0 00 15 11 2010 0 00 portfolio 10018119 9984650 10005767 10001025 10011956 10011455 10011502 10013259 9974288 9948039 9948703 9898112 9899020 9899348 9865472 Once you choose Copy Data To Clipboard you can simply open up Excel and paste them Ctrl V Then you w2. If the price of the collateralized stock increases then the margin loan amount will increase and as a result the user s Buying Power will also increase Continuing from the same example if Google s share price increases from 550 to 580 the buying power also increases from 183 500 to 185 600 Original cash balance 145 000 margin loan amount 70 580 100 shares 40 600 From this perspective the Buying Power in RPM is calculated as Buying Power Base Cash amount 0 7 High Margin Stock price long position 1 3 High Margin Stock price short position 0 35 Low Margin Stock price long position 1 65 Low Margin Stock price short position Futures Price Position Contract multiplier 0 05 0 7 Value of Bonds long position 1 3 Value of Bonds short position 0 05 Value of cash in Non base Currency converted to Base Currency Short Options Margin Short Options Margin is calculated depending on the type of options as follows Call option Call Price Maximum 20 Underlying Price Out of the Money Amount 10 Underlying Price Put option Put Price Maximum 20 Underlying Price Out of the Money Amount 10 Strike Price Margin Call If a user s buying power is less than 10 of the current portfolio value a warning message will be sent to the user to keep his her buying power greater than 10 of the portfolio value Once th
3. 40 54 2 45 2 49 12 1 780 hie alice 36 00 GM131221C00036000 1 91 40 20 1 90 1 93 41 6 944 Insider Transactions 37 00 GM131221C00037000 1 52 40 10 1 44 1 47 95 17 250 insider Roster 38 00 GM131221C000038000 1 13 40 07 1 06 1 08 50 8 597 FINANCIALS 39 00 GM131221000039000 0 81 0 0 0 76 0 79 9 10 803 Income Statement 5 040000 a 41 00 GM131221C00041000 0 44 0 00 0 37 0 39 3T 4 735 Cash Flow Trading Futures Submitting Orders In order to trade futures on RPM you need to know the ticker symbol for the futures contract that you would like to trade Please go to the Ticker Search menu click on Futures and find the ticker symbol of the futures contract In this example let s assume that we would like to trade futures contracts on silver with an expiration date of December 2013 If you scroll down in the Ticker Search window you will find Silver under the Commodity column in the Precious Metals table Note that the contract code is SI The expiration codes can be found in the Expiration Code Table in the same window The code for December 2013 would be Z3 Futures symbols in RPM combine the contract code and the expiration code in this case the symbol would be SIZ3 Please note that different futures will have varying active contract months but can be traded on any trading day Therefore please make sure that the futures contracts you re planning to trade have the delivery months that you are s
4. Copyright 2014 Rotman School of Management 7 balance will be deducted accordingly by the value of the security In this case your cash balance will decrease by 200 000 00 Number of contracts contract size strike price 50 100 40 200 000 00 Expiration If you choose to hold your options until the expiration date your options will be settled automatically in RPM Please refer to the options expiration calendar below for detailed information For options expiring in 2014 http www theocc com components docs about publications xcal2014 pdf In this case the General Motors options contract GML211304000 U will be expired and settled on Dec 21st 2013 You can choose the settlement type i e cash or stock for the options contracts prior to their expiration date Portfolio Watch E All Securities Stocks Options Futures Bonds OPQ GM 40 00 Dec 2015 Cash Behysccl Click on Expiry Behaviour under Portfolio Watch and you will see two options Cash or Physical Assuming your options contract expires in the money upon settlement your options will be settled in cash i e your cash balance will increase if you choose Cash under Expiry Behaviour In the case of Physical expiry behaviour your options will be physically settled i e you will be given the underlying security or it will be deducted from your account depending on the type of your options contract when the optio
5. Once you click on the Option Watch module a table with options chain with pricing information will be populated The left hand side displays all the call options and the right hand side shows all the put options for GM You can view the expiration date and the strike price on the middle Option Watch GM 2 Yahoo Finance Let s go to Yahoo Finance http finance yahoo com to obtain options price for General Motors Once you type in the ticker GM and press bow 40 84 Nasdaq 0 27 y Doen NOFEE Enter in Yahoo Finance you will be directed ATM ACCESS Fidelity to a Summary page for General Motors Click on Options on the menu on the left side in ee apo i i ap 35 97 0 40 1 10 4 00PM EDT After Hours 35 98 0 01 0 038 order to obtain options price CHARTS aa ee pD Prev Close 36 37 Days Range 35 62 36 31 Basic Tech Analysis Open 35 71 52wk Range 22 67 37 97 You will be able to see a table with prices for newsa mro Bid 35 98x200 Volume 17 724 441 Headlines Ask 36 08 x 200 Avg Vol 3m 13 467 700 options with different expiration dates and oes ae a strike prices If you would like to buy call message soaras Beta 1 69 PE tm 12 88 Market Pulse Next Earnings Date 30 Oct 13 fi EPS ttm 2 79 options contracts with a strike price of 40 00 company Div amp Yield NIA N A u Profile expiring on December 2013 you can see that the last price is 0 55 Copyri
6. by the number of contracts you own and the contract size of the futures resulting in the profit loss on your futures positions You can view your futures positions contract sizes expiration dates as well as the most recent settlement prices under the Futures tab in the Portfolio Watch window Copyright 2014 Rotman School of Management 11 Portfolio Watch All Securities Stocks Options Bonds Exchange Ticker CLZ3 MYM GCG 4 CMX a CMY Name LIGHT CRUDE DECS 100 OZ GOLD FEB4 21 74 Expiration Contract Size 1 i now 5 Aon Last Sette 101 90 127 70 21 708 Expiration 2013 11 20 2014 02 26 2013 12 27 Futures are marked to market for the last time at the end of the last trading day specific to each type of contract On the expiration date your positions will automatically be closed out in RPM i e if you are long futures contracts these will be sold and if you are short futures contracts they will be bought back Hence your futures position will be 0 after the close out Portfolio Analysis The portfolio value is updated on a daily basis after market is closed Historical Returns Zb Portfolio Analysis Historical Returns Asset Allocation Benchmark Analysis Attribution Analysis Custom Categories KA 2k Bl 12000000 11800000 History Sharpe E Portfolio Value E Sharpe Ratio an i r H Ky y f y Ir Am J k i Ais nN f ji i Wy U p
7. this analysis Class Benchmark Class Average User and Custom f Portfolio Analysis loj x Historical Returns Asset Allocation Benchmark Analysis Attribution Analysis Custom Categories gt From 0 03 2013 7 To 09 2013 Benchmark User gt tian Benchmark Beta Fh Benchmark 117 Portfolio Gly Benchmark 115 i E alpha 12 21 113 beta 0 03 tracking error 18 17 information ratio 0 67 Class Benchmark a default benchmark set by the professor instructor of your class Class Average an average of the daily portfolio performance of the students in your class User the daily portfolio performance of another student in your class selected by you Custom a benchmark that can be set manually by you Copyright 2014 Rotman School of Management 13 Note When using an index as a Custom benchmark for your analysis please make sure to use a correct ticker according to the RPM ticker symbology e g SPX for S amp P 500 Index The tickers for different indices can be found under the Indexes tab in the Ticker Search window on RPM Note that you can view performance indicators i e alpha beta tracking error and information ratio on the top left corner These values will automatically change depending on the benchmark and time period you choose from the top menu Again you can right click on the graph to copy the data in order to perform your own analysis Attrib
8. Cash 2013 12 21 Call USD The system allows you to exercise your options at any time prior to the expiration date in the case of American options If you click on the X button under Exercise on the far right side a confirmation window will appear to inform you that exercising the options will add the underlying securities to your portfolio at the strike price Continuing from the example above it will be 5000 shares 50 contracts of options a contract size of 100 shares per options contract added to your portfolio at 40 00 per share Confirm Action x h Exercising GML211304000 U will result in 5000 shares of GM being N added to your portfolio at 40 00 per share Are you sure you want to do this oc E If you click OK your options will be exercised and you will buy 5000 shares of General Motors at 40 00 strike price Please note that you cannot exercise options when you have insufficient buying power la xl All Stocks Options Bonds Futures Other Download Complete History Amount Price Rate Security Type Transaction Type Net Currency Country Timestamp GM 40 00 Stock OptSette USD US 2015 09 30 a GML211304000 U 40 00 Option Exerdsed 0 00 USD US 2015 09 30 You can confirm this in your transaction log Your options position will be decreased by the total amount and you will buy the underlying security at the strike price Please note that your cash
9. Rotman Portfolio Manager Rotman School of Management Advanced User Guide SJ UNIVERSITY OF TORONTO Build 1 00 RPM Advanced User Guide Table of Contents Wodi cO occa csc acc ceatecc cece seen E E E 2 eddy Cele ee a DES a ee ee ene ee ere 2 Margin Account and Buying POWEL cccsecseseeeeeseeeseseseseseeescsescseacaeacasaeasasaseeeseseneneneneneneneneneneneneneeeeen 2 A E592 Uo Oe neers E er nee eee eee eee 3 Advanced Order Management wiivccisccsesccocsiesasessscsecesedenstescussaveccdvsasecessendecsseentersteecvecudesaevctevedsasiens sce 4 SE OT CS ee o a E a E RE 4 BAE E 6 E E N E E E E A E A O E E A ee O EA 4 Trodde OPOS a E E sueues suet suteeusnesaneetentecsnseks 5 SUD OU T eie E A E E E A E A E 5 ES MOREO TON seeing O eE E T E E 7 ESPIAU ON ae E E E E E 8 aee ea UO CS E Oa EE EEE E E 10 SOPPAN OTA O eae EE e O E EE 10 Day o Dy ene E a E EEAS 11 BPO AO E E A A E A 12 Pori ono Ana SNS esege E E E 12 Historical PR SUT ING aoieanna EEEE EEEE Nia 12 ASS 510 41 6 ON pen E ee eee ee ee eer 13 Benchmark AAA SUG ate arec recs ceases ecseaedeceeeese ceeds teayese see censs tecsaesieeeri es cease atereee meaeeeeetereeaeaes 13 PATE VEL OM PTV a E E EO 14 OE ea Oe 2126 or kee eee een ener ere ee eee ee ee ee ee ee 15 BABS COE VG AN GRD AE CIN secs eee ce cee se cas ce cuca cc E 16 Copyright 2014 Rotman School of Management No part of this publication may be reproduced stored in a retrieval system used in a spreadsheet
10. as specified in the order a stop loss order is triggered and the security will be transacted at the next available price Basket Trader In order to manage and submit multiple orders at once you can use the Basket Trader feature available under the Trades module This feature allows you to set up multiple orders for different securities using a spreadsheet You can click on the Basket Trader button to open the window If you are using this feature for the first time you will need to click on the Download Excel Template hyperlink to download a spreadsheet order template E saske trader lolx Load Excel File Submit Download Excel Template Copyright 2014 Rotman School of Management 4 Once you specify the file name and the location the template will be downloaded and you will be able to set up multiple order specifications as shown below A B C D 1 Ticker Buy Sell Quantity Type 2 GE BUY 3000 MKT 3 AAPL O BUY 290 MKT 4 FB 0 SELL 1000 LMT 80 IBM 5 6 7203 T SELL 2000 MOC SELL 500 STOP 5500 You can save this Excel template and go back to the Basket Trader module in RPM Then click on the Load Excel File button and choose the Excel template to load your order specifications You will see that the orders are loaded onto the Basket Trader module and click on Submit in order to submit your orders after verifying them Any orders that are not submitt
11. atisfied with For all the futures contracts traded on the CME you can find the necessary information by accessing the following link http www cmegroup com For futures traded on the ICE the information can be found using the following link https www theice com homepage jhtml Copyright 2014 Rotman School of Management 10 Other useful information can be found using the above links including contract sizes settlement dates and market hours To access pricing information for the futures contract that you wish to trade open up the Market Watch window and type in the ticker symbol SIZ3 in this example Please be aware that the pricing information in RPM s Market Watch is at least 15 minutes delayed while trades are executed based on real time prices In this example the last price for SIZ3 is 21 74 Now please go to the Trades menu on the top toolbar and click on New Trade Type in the ticker symbol and the volume the number of contracts in this case choose your order type and input the price in the case of a limit order or stop order In this example we are submitting a market order for 10 futures contracts which will execute immediately at the current market price amp New Trade X Once you click on Submit BUY you will see a pop up window to confirm this order If you click on Submit BUY again your order will be executed immediately and shown in the Transacted
12. chain for GM Please scroll down to the correct expiration date and the strike price in order to find the call option ticker symbol with a strike price of 40 00 with Dec 2013 expiration In this case the ticker symbol is GML211304000 U Once you double click on the ticker an order entry window will pop up with the ticker already written in the section so that you can simply submit an order Or you can take this ticker and put it on the Market Watch window in order to access pricing information including the last price change Bid Ask etc In this example the last price at which the options contract was traded was 0 75 Please note that it may take a few minutes depending on its popularity when pulling the options pricing information from the Market Watch window Now please go to the Trades menu on the top toolbar and click on New Trade Type in the ticker symbol and the volume the number of contracts in this case choose your order type and input the price in the case of a limit order or stop order In this case let s assume that you would like to buy this options contract at 0 60 using a limit order New Trade Volume Price Once you click on Submit BUY you will see a pop up window to confirm this order If you click on Submit BUY again your order will be placed on the Open tab in Trade Management found under the Trades menu Open Transacted Canceled VType S
13. e buying power reaches zero RPM Administrators will manually sell off the user s holdings in order of the largest position or the highest liquidity to restore the buying power such that it is greater than 10 of the portfolio value Copyright 2014 Rotman School of Management 3 Advanced Order Management Submitting Orders There are four order types available in RPM and the behaviour of each order type can be found below xi Market order Users are only required to specify a volume of the trade A market order will be transacted at the real time price while market is open If a market order is submitted once market is closed the order will be queued and transacted at the market open price in the next day Users are allowed to cancel these queued orders from Trades Trade Management Open tab Limit order A limit order requires users to specify both a volume and a price The limit orders are Good Til Cancelled GTC orders that will be placed and stay in the system until it gets executed or cancelled Market On Close MOC A market on close order is a market order which will be transacted at the daily close price of the security Users will need to specify a volume of trade and the MOC orders are scheduled to be executed in the system at 4 45pm EST on every business day Stop loss A Stop loss order requires users to specify both a volume and a price Once the security price reaches the price that the user h
14. ed successfully e g incomplete order information wrong ticker etc will have a blank box under the Submitted column ITEE Ticker Buy Sell Quantity 80 00 00 00 F Download Excel Template _ Trading Options Submitting Orders When trading options using RPM you will first need to find the options that you would like to trade Let s assume that you want to buy 50 call options for General Motors with a strike price of 40 00 and expiration on December 2013 In order to access the ticker symbol of this specific options contract please first open the Ticker Search window and click on Options tab Then type in the ticker symbol of General Motors in RPM which is GM Once you hit Submit you will be able to see the options chains for the security Copyright 2014 Rotman School of Management 5 Stocks Bonds Options Futures Forex Indexes Symbol GM Submit Expiration 04 10 2013 Expiration 19 10 2013 Expiration 16 11 2013 Expiration 21 12 2013 GML211301500 U 15 00 GMX211301500 U GML211301600 U 16 00 GMX211301600 U GML211301700 U 17 00 GMX211301700 U GML211301800 U 18 00 GMX211301800 U GML 11301900 U 19 00 GMX211301900 U GML211302000 U 20 00 GMX211302000 U GML211302100 U 21 00 GMX211302100 U GML211302200 U 27 00 GMX211302200 U GML211302300 U 23 00 GMX GML2113502400 U 24 00 GMX2113502400 U a Rm oe le ee Pn n LATE ool er m m Displaying options
15. ght 2014 Rotman School of Management 9 In order to trade this options contract on RPM simply type in the ticker symbol of General Motors in the Options tab from the Ticker Search window and double click on the options symbol to submit orders gt Options General Motors Company GM zs 35 97 0 40 1 10 4 00PM EDT After Hours 35 98 40 01 0 03 6 49PM EDT Historical Prices CHARTS Interactive Basic Chart Basic Tech Analysis Options View By Expiration Oct 13 Nov 13 Dec 13 Jan 14 Mar 14 Jan 15 Get Option NEWS amp INFO Headlines Call Options Expire at close Saturday December 21 2013 Hiie Strike Symbol Last Chg Bid Ask Vol Open int s 20 00 GM131221C00020000 16 85 0 00 15 70 16 40 25 101 eee 22 00 GM131221C00022000 11 51 0 00 13 70 14 75 39 39 24 00 GM131221C000024000 13 00 0 00 11 75 12 50 10 40 en 25 00 GM131221000025000 11 70 0 00 10 75 11 50 2 143 Hii 26 00 GM131221C00026000 10 00 0 00 9 80 10 50 11 92 E 27 00 GM131221C00027000 9 05 0 00 8 85 9 55 40 56 UFS 28 00 GM131221C00028000 8 50 0 00 7 90 8 60 5 137 eee 29 00 GM131221000029000 8 70 0 00 7 10 7 35 10 198 anne 30 00 GM131221C00030000 6 65 40 25 6 30 6 40 10 6 510 eens 31 00 GM131221C00031000 6 35 0 00 5 45 5 50 3 1 184 AES 32 00 GM131221C00032000 5 91 0 00 4 60 4 70 1 822 a 33 00 GM131221C00033000 4 25 0 00 3 80 3 90 5 2 635 ee ea 34 00 GM131221C00034000 3 25 41 35 3 10 3 15 1 29 822 BEERE 35 00 GM131221C00035000 245
16. ill see your daily portfolio value and the Sharpe ratio on a time series basis Using this raw data you can create your own charts and perform your own analysis Copyright 2014 Rotman School of Management 12 Asset Allocation The will show you how your assets are allocated in your portfolio You can view your asset allocation based on Vehicle Type Country Sector Industry and Ticker by selecting the Filter By options Each filter is based on the specific classification of the securities and your cash balance is classified as None when filtering by Sector Industry or Ticker Hstoncal Returns Asset Allocabon genchmark Analyses Attrbuton Analyss Custom Categories HistoncalRetimns Asset Alocation Benchmark Analysis Attrbuton analysa Custom Categories Filter By rasty Miter By Pasty Industry Prep ypeis az Sp ak 36 913 99 Furthermore you can view how securities in each category industry in this case are allocated by left clicking on each section of the pie chart You can keep filtering it by other categories until it reaches the last sub category You can also right click on the chart to copy either the data or the chart This feature is available for all the analysis and allocation tabs under the Portfolio Analysis section Benchmark Analysis This tab allows you to compare your portfolio performance to various benchmarks You can choose four types of benchmarks for
17. ize Price Type Value Currency Type OCO Cancel GML211304000 U Option USD LMT Please note that your order has been submitted but not executed i e you do not own the options yet This is because your order is a limit buy order with a price of 0 60 and the current price is Copyright 2014 Rotman School of Management 6 0 75 Hence your order will be executed once the options price falls below 0 60 While your order is still open your cash balance will stay the same You can also cancel your order before it gets executed Simply click on the Cancel button on the right and your order will be cancelled Please be careful when cancelling your order since there is no confirmation window after you click the Cancel button Your order will be automatically cancelled once you click it All of your cancelled orders can be found under the Cancelled tab Exercising Options Once your order is transacted you will have the options position in your portfolio Remember that your cash balance decreased by 3 000 as the cost you paid for the options contract of contracts contract size options price 50 100 0 60 3 000 oix All Securities Stocks Options Futures Bonds Ticker Ex Name Position VWAP Cost Market Quote MarketValue P A Strike Expiry Be Expiry Date Type Curre na GML211304000 U OPQ GM 40 00 Dec 2013 Call 0 60 0 53 40 00
18. l Copyright 2014 Rotman School of Management 17
19. laterals Buying power example with stocks Stocks fall into two categories high margin or low margin Stocks with an average daily turnover average daily trading volume last price gt 10 Million fall into the high margin category The users who hold high margin securities can borrow margin loan of 70 of the value of the securities assuming that the high margin securities are held as collateral Copyright 2014 Rotman School of Management ZA For example let s assume that a user had 200 000 USD in cash and bought 100 shares of Google GOOG at 550 00 The user spent 55 000 USD 550 00 100 shares to buy the shares and has 145 000 USD in cash remaining in his account When margin accounts are not allowed the user s buying power is 145 000 USD which is simply the current cash balance as this is what is currently available for the user to spend on buying selling more stocks However with margin accounts available the user can access more money by using his current shares as collateral to a broker In this example the user can put up his 100 shares of Google as collateral and take out additional cash to invest Since Google shares are classified in the high margin category a 70 margin loan is available for the user The margin loan is then reflected in the user s Buying Power which results in a total of 183 500 USD Original cash balance 145 000 margin loan amount 70 550 100 shares 38 500
20. lio for the purpose of portfolio analysis Such properties include the Country Sector Industry and Vehicle Type of each security Using this customization feature users can individually classify their portfolio holdings for their needs in other words these customized categories will be applied to the whole portfolio analysis section For example assume a user has an ETF i e XRB TO that mimics the performance of the DEX Real Return Bond Index in the user s portfolio which is only consisted of equities i e stocks or ETFs This ETF by default will be classified as a stock with other similar ETFs and equities in the portfolio This user s portfolio asset allocation will be shown similar to the pie chart below ioj x Historical Returns Asset Allocation Benchmark Analysis Attribution Analysis Custom Categories Filter By Vehicle Type Vehicle Type E Cash E Stock Stock 79 5 Cash 20 5 As mentioned earlier the asset allocation by vehicle type will show only cash and stocks since it only consists of equities However let s assume that the user wants to classify this particular ETF XRB TO as a Bond for the purpose of the portfolio analysis because the user wants to analyse the portfolio performance based on the nature of contents of individual ETFs which in this case consists of bonds Then the user will go to the Custom categories tab under Portfolio Analysis a
21. mit Use the Chart drop down menu to change the type of chart shown from candle default to line or bar OHLC as required Click on the green button to choose from the list of available technical indicators If necessary set the appropriate parameter when prompted and click OK Copyright 2014 Rotman School of Management 16 Historical Charting Security MER iM 3M 6M YTD a z m Chart Indicators 7350 Stock EE Volume RSI 20 MA 50 700 eop m er My Me m i e 500 450 iy nl Na a 400 350 Oct Nov Dec Jan Feb Mar 2012 0M agm _ Volume i om Eli Oct Nov Jan Feb Mar a l be Submit Exponential Moving Average Bollinger Bands RSI Stochastic Oscillator MACD Volume i wr aiina Apr May Jun Jul 20 0 x bhatt ii inden Apr May Jun Jul Au Oct Nov Dec Jan Feb Par Apr May Jun Jul To remove an indicator click on the red button and select it from the drop down menu When changing the security or time frame to display click on Submit after making the desired change Click and drag horizontally to zoom in on a time period and use the green arrows button eu to the left of Submit to revert to the original chart Right click anywhere on the chart and check uncheck Legend to add remove it You can also right click anywhere to copy the data or chart so that it can be pasted into Exce
22. nd customize the properties of the ETF XRB TO as shown below Please make sure to press Enter after changing the properties Copyright 2014 Rotman School of Management 15 lol x Historical Returns Asset Allocation Benchmark Analysis Attribution Analysis Custom Categories Save Clear All Ticker Country Sector Industry Vehicle Type Now if you go back to the Asset Allocation tab under Portfolio Analysis you will see that a section of your allocation pie chart is classified as Bond when filtered by Vehicle Type as shown below If you would like these custom categories settings to remain in place after you log out of RPM please make sure to click the Save button in the top left Please note that these settings apply to the Attribution Analysis tab as well which shows the attribution of current previous holdings to the performance of portfolio However this will not change the information displayed in the Portfolio Watch under the VType column iol x Historical Returns Asset Allocation Benchmark Analysis Attribution Analysis Custom Categories Filter By Vehicle Type Vehicle Type Bond 11 7 Historical Charting To access historical pricing information and perform select technical analysis on a security open the Historical Charting module Enter the ticker in the field labelled Security select the desired time range and click Sub
23. ns expire Let s assume that in this case you have selected the cash expiry behaviour and the last price for General Motors on your options expiration date was 43 00 Since you bought call options with a strike price of 40 00 in the money you will realize a profit of price difference per share contract size of options contracts 43 00 40 00 100 50 15 000 00 Hence your cash balance will increase by this amount and your options positions will be closed out to 0 In the case of physical expiry behaviour you will automatically purchase 5000 shares of General Motors upon the expiration of your options contract Hence your cash balance will be decreased by 200 000 40 00 strike price 5 000 shares of the underlying stock and your holdings of General Motors will increase by 5000 shares Copyright 2014 Rotman School of Management 8 Alternative approaches to accessing options price and options book 1 Thomson Reuters Eikon Options Watch If you have access to the Thomson Reuters Eikon platform please follow the instructions below in order to access options pricing information 1 gt Type in the underlying security name e g GM or General Motors on the top left corner of the initial Eikon screen Once you select the underlying security you will be directed to the Overview page of the stock Then please click on Option Watch located on the top right corner of the screen to launch the module 2 gt
24. or transmitted in any form or by any means electronic mechanical photocopying recording or otherwise without the permission of Rotman School of Management Introduction This help document is designed for those who would like to fully utilize RPM functionality It includes an in depth guide to RPM account details trading settlement details for options and futures and portfolio analysis functions It is suggested that you read the Quick Start Guide for students and try using RPM before reading this document since the document focuses heavily on details of RPM functions RPM Account Details Accounts Ioj x Buying Power Portfolio Yalue Base Currency 838 102 15 996 973 96 USD Currency Balance Holdings Balance USC Interest Earned Interest Charged ET g0 o0 TIRET TIREI TIRET DIRET CAL Amount From To Currency different types of currencies Balance only cash balance in your account Holdings value of your portfolio holdings in corresponding currency Balance CAD sum of balance and holdings in base currency CAD in this example Portfolio Value sum of amount in Balance CAD in this example Buying Power the money a user currently has available to purchase securities Margin Account and Buying Power If margin accounts are allowed in the class settings users can purchase securities and have additional exposure to their available capital buying power by using the securities they purchased as col
25. tab in Trade Management under the Trades menu Note that if the market is currently closed your order will be placed on the Open tab and will be executed as soon as the market opens Market hours vary for different types of futures contracts so please be aware of the hours for your chosen futures contract before you trade Day to Day Settlements In RPM futures contracts are marked to market at the end of each trading day Now that you have bought your futures you should note these occurrences in the Transaction Log window under the Futures tab The current value of the futures in your portfolio will be based on these mark to market settlement prices In this example we bought 10 contracts of SIZ3 at 21 74 per contract Upon the purchase of the contracts your cash balance will not change Let s assume that at the end of the day on which you purchased them the contracts were marked to market at a settlement price of 21 90 On the day the contracts are purchased the difference between the purchase price and the settlement price is multiplied by the number of contracts purchased and the contract size of the futures to result in the profit loss on your futures positions In this example price difference of contracts contract size 21 90 21 74 10 5 000 8 000 00 For each following day the difference between the settlement price on that day and that of the previous trading day will be multiplied
26. ution Analysis This analysis section illustrates how your current and or previous holdings have contributed to the performance of your portfolio The attribution percentage is calculated as the profit or loss from each security divided by the portfolio value at the beginning You can view the attribution based on vehicle types countries sectors industries and or tickers You can also use multiple categories to filter the attribution analysis by left clicking on the bar graph and choosing a specific category Filter By Industry Filter Technology Hardware Equipment by Personal Goods 0 7775 vehicle Tree Country Nonequity Investment Instruments 0 Sector Chemicals 0 0351 Travel amp Leisure 0 0271 Z Portfolio Analysis loj x Historical Returns Asset Allocation Benchmark Analysis Attribution Analysis Custom Categories a Sort By Value Scale Break Filter By Ticker Ticker COH 3 6013 AAPL 2 8511 LIZ 0 3172 RY TC 0 32 Legend Copy Data To Clipboard Copy Chart To Clipboard LULU 2 5066 ES Mi 2 8175 4 00 2 00 Please also note that you can right click on the graph to copy the data and paste it in a spreadsheet to perform your own analysis Copyright 2014 Rotman School of Management 14 Custom Categories This function allows users to change the properties of securities that you currently hold in your portfo
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