EU to USD Balance Conversion | Partner Developer Platform

Many firms accept Euro-based transactions and allow trade of contracts measured in Euros. To accommodate such partners reporting needs, and to provide a consistent trading experience, we allow for automated conversion of EU balances to USD balances. This is a setting that must be configured at the Organization level by an Evaluation Support team representative.

When Does Conversion Occur?

The EU -> USD conversion happens immediately when a trade is closed, using the system rate.

What Rate is Used for Conversion?

We use our internally stored EU -> USD conversion rates. This table is updated nightly between 12AM and 1AM CT, using the previous day’s rates.

Note that the conversion does not generate an extra cashBalanceLog record. The conversion occurs automatically when trades are closed, and therefore the conversion can happen before the normal record is generated by closing a trade.