# split-fills

 21:30 Nov 26, 2006
English to Spanish translations [PRO]
Science - Chemistry; Chem Sci/Eng / MSDS
 English term or phrase: split-fills Parent Formula (Split-Fills) (no hay más contexto)
 Local time: 15:40
 Spanish translation:beneficio equilibrado Explanation:Consider January 7th, when Compass made \$1,264,25. This amount of gross profit should not be possible - as it represents 5.059 points and S&P futures only trade in 1/10ths. This trade is an example of a split fill. As an example, imagine 10 people were trading Compass that day, and in exiting the trade - five people got filled at one price and five at a worse price. It would not be fair for some investors to make more money on that trade than others, so Attain uses what is called APS, for the Average Pricing System. This is a fancy name for giving each investor the average price of the different fills, insuring every investor trading the system gets the exact same fills - and therefore achieves the exact same profit or loss for the day, month, or year.
Selected response from:

Riens Middelhof
Netherlands
Local time: 15:40
 1 KudoZ points were awarded for this answer

 Riens Middelhof

Discussion entries: 2

6 hrs   confidence:

Explanation:
Consider January 7th, when Compass made \$1,264,25. This amount of gross profit should not be possible - as it represents 5.059 points and S&P futures only trade in 1/10ths. This trade is an example of a split fill. As an example, imagine 10 people were trading Compass that day, and in exiting the trade - five people got filled at one price and five at a worse price. It would not be fair for some investors to make more money on that trade than others, so Attain uses what is called APS, for the Average Pricing System. This is a fancy name for giving each investor the average price of the different fills, insuring every investor trading the system gets the exact same fills - and therefore achieves the exact same profit or loss for the day, month, or year.

 Riens MiddelhofNetherlandsLocal time: 15:40Native speaker of: Dutch, SpanishPRO pts in category: 1

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