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kympa
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Joined: January 06, 2012 06:30:10 UTC
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The Info tab is very useful.

Does the Total Volume figure mean total trading volume on the contract from inception to date, or is it the number of current open contracts? If the former, I would like to see an entry for open contracts as well.

Also, when you press the "View All Unmatched Predictions" button after you select "Predict", the prices for Buy and Sell swap places. Whereas in the earlier view, the best price to "Buy" is on the left and the best price to "Sell" is on the right, the two sides swap when you press the View All Unmatched Predictions button. I think it would be logical to expect the best Buy prices to be on the left than right and the best Sell prices to be on the right.

While you are at it, change the headings to "Best prices if you are buying" and "Best prices if you are selling". Shouldn't be too much of programming.

You have a great platform. Love it. I switch back and forth between Beta and the older versions. I appreciate the fact that I can have multiple active windows open with different versions. Go, Intrade, go!!
Freefalling
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Joined: November 14, 2011 22:24:14 UTC
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kympa wrote: The Info tab is very useful.

Does the Total Volume figure mean total trading volume on the contract from inception to date, or is it the number of current open contracts? If the former, I would like to see an entry for open contracts as well.

It's total volume from the inception date, not the open interest. Open interest has been suggested, but they just haven't gotten around to implementing it.

This message was edited 1 time. Last update was at May 01, 2012 19:37:05 UTC

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"I used to work for Ron Paul but was let go so I am working for Gary Johnson now." - kympa
@KidWithdream
Intrade
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Joined: September 04, 2007 14:01:01 UTC
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Open Interest is now shown on the Info tab.

This is not a fluid number however. It's calculated once per day during session close.
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Freefalling
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Joined: November 14, 2011 22:24:14 UTC
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Intrade wrote: Open Interest is now shown on the Info tab.

This is not a fluid number however. It's calculated once per day during session close.

Excellent, very good info to have. Thanks InTrade
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"I used to work for Ron Paul but was let go so I am working for Gary Johnson now." - kympa
@KidWithdream
jbeyer
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Joined: October 11, 2008 03:32:14 UTC
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Awesome, thanks! I'm assuming that when the first share gets traded, open interest is 1, as opposed to 2?
Any chance this could get added to the v2 interface for us old-timers?
Freefalling
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jbeyer wrote: Awesome, thanks! I'm assuming that when the first share gets traded, open interest is 1, as opposed to 2?
Any chance this could get added to the v2 interface for us old-timers?

Open interest should be 0 when a market is first opened.

This message was edited 1 time. Last update was at May 04, 2012 15:58:59 UTC

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"I used to work for Ron Paul but was let go so I am working for Gary Johnson now." - kympa
@KidWithdream
jbeyer
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Joined: October 11, 2008 03:32:14 UTC
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Freefalling wrote:
jbeyer wrote: Awesome, thanks! I'm assuming that when the first share gets traded, open interest is 1, as opposed to 2?
Any chance this could get added to the v2 interface for us old-timers?

Open interest should be 0 when a market is first opened.


You misunderstood my question. I understand that open interest is 0 when a market is opened. But does the first share traded get counted as 1, or 2 shares of open interest? I believe the convention in financial futures market would be 1, but it wouldn't be out of the realm of possibilities for it to be 2.
Freefalling
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jbeyer wrote:
Freefalling wrote:
jbeyer wrote: Awesome, thanks! I'm assuming that when the first share gets traded, open interest is 1, as opposed to 2?
Any chance this could get added to the v2 interface for us old-timers?

Open interest should be 0 when a market is first opened.


You misunderstood my question. I understand that open interest is 0 when a market is opened. But does the first share traded get counted as 1, or 2 shares of open interest? I believe the convention in financial futures market would be 1, but it wouldn't be out of the realm of possibilities for it to be 2.

Oh, I see what you're saying. But I think it makes the most sense to count it as one, not two. That's also how the volume is calculated. Since 1 share being held in open interest represents $10 being held.

This message was edited 2 times. Last update was at May 04, 2012 21:40:40 UTC

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"I used to work for Ron Paul but was let go so I am working for Gary Johnson now." - kympa
@KidWithdream
Lavoisier
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Joined: November 15, 2011 23:42:25 UTC
Messages: 137
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It gets counted as 1.
Intrade
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Joined: September 04, 2007 14:01:01 UTC
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JBeyer, I'll see what the techies can do but these days development has stopped on the older interfaces.
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mkg
Senior

Joined: March 05, 2011 11:08:44 UTC
Messages: 106
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That is a very interesting number. You see that there is a lot of buy-and-hold in the markets as often open interest divided by total volume is above 50%.
AlfonzoBSwanzo
Senior

Joined: October 21, 2007 18:32:12 UTC
Messages: 291
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Is Open Interest available historically?
Intrade
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Joined: September 04, 2007 14:01:01 UTC
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It's not available historically and most likely won't be any time soon.
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