Why do we have negative values for bid prices ?

jean.questiaux

EMA 3.6.3.1 Java

We receive negative values for Some Rics through EMA API.

We check with the Speed Guide Tool. We receive also the same negative values with this tool.

Can you check please an feedback ?

IDRicNameBidPriceAskPriceLastPriceQuoteTimeNanos2043208/TESXH4-314

Jun 30 2023 03:03:07:024PM1980115/TESXH4-314

Jun 30 2023 03:03:07:024PM2043225/TESXM8-36284

Jun 30 2023 09:23:51:961AM1980132/TESXM8-36284

Jun 30 2023 09:23:51:961AM

Regards,

Jean,

Jirapongse

@jean.questiaux @luc.dossche

I checked the historical data of TESXM8 and TESXH4 and found that the values of OPEN_BID were -36 and -3 respectively.

TESXM8,Market Price,2023-07-01T02:17:41.212498800Z,+2,Raw,REFRESH,,,,,8151,20,14767,,266
,,,,FID,1,,PROD_PERM,8151,
,,,,FID,2,,RDNDISPLAY,120,
,,,,FID,3,,DSPLY_NAME,TESX JUN8,
,,,,FID,4,,RDN_EXCHID,0,"   "
,,,,FID,5,,TIMACT,20:25:00.000000000,
,,,,FID,6,,TRDPRC_1,,
,,,,FID,7,,TRDPRC_2,,
,,,,FID,8,,TRDPRC_3,,
,,,,FID,9,,TRDPRC_4,,
,,,,FID,10,,TRDPRC_5,,
,,,,FID,11,,NETCHNG_1,,
,,,,FID,12,,HIGH_1,,
,,,,FID,13,,LOW_1,,
,,,,FID,14,,PRCTCK_1,,
,,,,FID,15,,CURRENCY,978,EUR
,,,,FID,16,,TRADE_DATE,,
,,,,FID,17,,ACTIV_DATE,2023-06-30,
,,,,FID,18,,TRDTIM_1,,
,,,,FID,19,,OPEN_PRC,,
,,,,FID,21,,HST_CLOSE,54,
,,,,FID,22,,BID,49,
,,,,FID,25,,ASK,59,
,,,,FID,30,,BIDSIZE,100,
,,,,FID,31,,ASKSIZE,100,
,,,,FID,32,,ACVOL_1,,
,,,,FID,41,,CONTR_MNTH,JUN8,
,,,,FID,42,,BLKCOUNT,,
,,,,FID,43,,BLKVOLUM,,
,,,,FID,53,,TRD_UNITS,2,"2DP "
,,,,FID,54,,LOTSZUNITS,54,UNITS
,,,,FID,56,,PCTCHNG,,
,,,,FID,57,,OPEN_BID,-36,
,,,,FID,59,,OPEN_ASK,284,
,,,,FID,60,,CLOSE_BID,49,
,,,,FID,61,,CLOSE_ASK,59,
...
...
TESXH4,Market Price,2023-07-01T03:50:38.863913874Z,+2,Raw,REFRESH,,,,,8151,20,15391,,266
,,,,FID,1,,PROD_PERM,8151,
,,,,FID,2,,RDNDISPLAY,120,
,,,,FID,3,,DSPLY_NAME,TESX MAR4,
,,,,FID,4,,RDN_EXCHID,0,"   "
,,,,FID,5,,TIMACT,20:25:00.000000000,
,,,,FID,6,,TRDPRC_1,,
,,,,FID,7,,TRDPRC_2,,
,,,,FID,8,,TRDPRC_3,,
,,,,FID,9,,TRDPRC_4,,
,,,,FID,10,,TRDPRC_5,,
,,,,FID,11,,NETCHNG_1,,
,,,,FID,12,,HIGH_1,,
,,,,FID,13,,LOW_1,,
,,,,FID,14,,PRCTCK_1,,
,,,,FID,15,,CURRENCY,978,EUR
,,,,FID,16,,TRADE_DATE,2023-03-28,
,,,,FID,17,,ACTIV_DATE,2023-06-30,
,,,,FID,18,,TRDTIM_1,,
,,,,FID,19,,OPEN_PRC,,
,,,,FID,21,,HST_CLOSE,12,
,,,,FID,22,,BID,10,
,,,,FID,25,,ASK,14,
,,,,FID,30,,BIDSIZE,100,
,,,,FID,31,,ASKSIZE,300,
,,,,FID,32,,ACVOL_1,,
,,,,FID,41,,CONTR_MNTH,MAR4,
,,,,FID,42,,BLKCOUNT,,
,,,,FID,43,,BLKVOLUM,,
,,,,FID,53,,TRD_UNITS,2,"2DP "
,,,,FID,54,,LOTSZUNITS,54,UNITS
,,,,FID,56,,PCTCHNG,,
,,,,FID,57,,OPEN_BID,-3,
,,,,FID,59,,OPEN_ASK,14,
...

Please contact the content support team directly via MyRefinitiv to verify the content.

Lars-at-Addicticks

It is because the world of finance is bigger than just Equities and Bonds. :-)
I don't know what kind of financial instrument this is, but for some financial instruments, a negative value is a perfectly valid price. Also, even the value 0 (zero) is a valid value for a price of a financial instrument.

If you want an example: FX Swaps. (because the price of a FX Swaps expresses a differential it of course means it can be both negative, positive, or zero)

As a side note: The value 0 (zero) is even a tradable price. This is why it is so very very important no to use the zero value to indicate "no price", you have blank values for that.

luc.dossche

Hi, after a check with the business, the Refinitiv value -3 isn't correct.

Can you tell us what to do for receiving the correct on ?

SpeedGuide generates the same value.

ID

RicName

RicName DS

Bid DS

Ask DS

BidPrice

AskPrice

LastPrice

PriceTime DS

QuoteTimeNanos

2043208

TESXH4

TESXH4

10

14

-3

14

30/06/2023 15:03:07

Jun 30 2023 03:03:07:024PM

1980115

TESXH4

TESXH4

10

14

-3

14

30/06/2023 15:03:07

Jun 30 2023 03:03:07:024PM