Statements are generated on a daily, monthly, and yearly basis for all accounts and are available under Statements in our website in HTML format. You may generate statements for multiple dates and linked accounts with one click. You may opt to receive statements by email (unsecure) by choosing this option from Email Statements.

A daily statement covers all trading activity occurring during products trading hours. For most products, this coincides with exchanges hours, but for some exchanges this might not be the case (e.g. CME equity and fixed income contracts have different closing hours). Daily statements are generally available by 05:00 ET, and monthly statements by 5 business days after the close of a month under normal business circumstances.

Our statements were designed top down, with summary account totals on the top peeling down into greater detail on the bottom. The statement is broken into the following sections:

The performance summary shows profit and loss (P&L) by asset class according to two calculation methods: Mark-to-Market and First In, First Out (FIFO), both described below. It also shows the internal rate of return for the statement period. To compute the IRR (Internal Rate of Return) we use a time-weighted average calculation method. This takes initial investment and cash flows, weighting each cash flow for its time period, and computes a return rate for the statement period.

MTM P&L shows how much profit or loss was made over the statement period, regardless of whether positions are open or closed. There is no concept of matching opening and closing transactions under this methodology. MTM calculations assume all open positions and transactions are settled at the end of each day and new positions are opened the next day. MTM calculations are split for purposes of simplification: calculations for transactions during the statement period, and calculations for positions open at the beginning of any day.

The Profit and Loss Report by Underlying section displays values sorted by underlying and asset class. This information is a summation of position and transaction detail by underlying. Please see the Performance Summary section for details on the profit and loss calculations.

The transaction section shows all transactions, segregated by asset type and currency. FIFO and MTM profit and loss is shown for all realized (closed) transactions. For the purpose of cost basis and FIFO profit or loss, commissions are netted. For MTM profit or loss, commissions are not netted and are included as a separate line in the Performance Summary above.

This section also shows a summary of how positions change from the beginning of the period to the end of the period for each asset class in the base currency. The change for the period is comprised of new transactions as well as MTM changes in the value of the position. If positions are held in a non-base currency, there will also be a Position FX Translation Gain/Loss which reflects changes in value to the position due to a fluctuation in FX rates translating to the base currency. The Futures section will begin and end with a value of zero since all MTM fluctuations are settled into cash at the end of each trading day. Transaction amount, commissions/taxes, cost basis, FIFO P/L and MTM P/L for non-base currencies are all converted to the base currency in effect on the day of the transaction.

As discussed in the Performance Summary section above, MTM profit and loss is calculated in two components: MTM gains from transactions during the statement period and MTM gains or losses for positions that are carried into a new trading day.

Note: Any stock or option symbols displayed are for illustrative purposes only and are not intended to portray a recommendation.