What is the GTLot?
The latest innovation from our team of market and fintech experts, the GTLot is a novel unit that makes things easy when measuring and benchmarking the trading volume of your Global GT live trading account.
1 GTLot is equal to 100,000 USD of trading volume*
MISSION & PURPOSE
The mission of the GTLot is to create a common unit for trading volume across all instruments and asset classes. Its necessity derives from the diversity of the contract size, denomination and nominal value of the abundant trading instruments that are currently available in the CFD universe, and the fundamental need to compare apples-to-apples.
The GTLot was created by Global GT to enable a common benchmarking criterion for different instruments and asset classes by converting trading volume to US$ and standardising a common unit of measurement of one GTlot to be equal to US$100,000 of trading volume.
How GTLot Works
* USD Volume Calculation = Lots x Contract Size x Base Currency to USD Price
** USD Volume Calculation = Lots x Contract Size x Price x Base Currency to USD Price
|Instruments||Lot||Base Currency||Contract Size||Price||Base Currency to USD Price|
|Instruments||Volume in USD*||GTLot|
Where can you find the GTLot metric?
GTLot is an innovative unit, created by Global GT for measuring and benchmarking the trading volume of a Global GT Live Trading Account across all CFD instruments and asset classes. GTLot was created with the purpose of unifying the diversity of the contract size, the denomination, and the nominal value of all available CFD instruments, into a single standardized unit.
It works by converting the overall trading volume of an account to US$ and by standardizing 1 GTLot to be equal to US$100,000 of trading volume.
Clients can view each of their trading account’s volume in GTLots from the Client Portal Dashboard.
1. To calculate the volume in GTLot we use the formula:
Volume in USD = Lot x Contract Size x Base Currency to USD Price
Using BTCUSD as an example:
If BTCUSD having 1 lot, base currency BTC, Contract size 1 and base currency price to USD 40,000.
Volume in USD= Lot * Contract Size * Base Currency to USD Price
Volume in USD=1*1*40000=40000
GTLot=Volume in USD/100000
2. To calculate the volume in GTLot for Stocks, Indices, Spot Metals, Energies, and other non-currency instruments we use the formula:
USD Volume Calculation = Lot X Contract Size x Price x Base Currency to USD Price
Using the stock of Apple (#AAPL) as an example:
If #AAPL having 1 lot, base currency USD, Contract size 100, current price 2000 and base currency price to USD 1 (USDUSD)
Volume in USD= Lot * Contract Size * Price * Base Currency to USD Price
Volume in USD=1*100*2000*1=200000
GTLot=Volume in USD/100000
GTLots are used by Global GT only for benchmarking, promotional and marketing purposes.
GTLots can act as a trading performance indicator on the Dashboard allowing the trader to know in a quick and simple way how much overall volume they are trading with their account.
GTLots can also be used as a target or performance metric in promotions, campaigns, and competitions. For example, in a trading promotion, participants might be asked to trade X GTLots to be eligible for/win a prize.
In a similar manner, it can be a trading requirement that needs to be maintained, e.g., monthly trading volume of 5 GTLots, to be eligible for Global GT VIP Services.
No, the GTLot concept was created by Global GT as a new additional method to measure and compare trading volume across instruments and asset classes. It does not substitute the traditional concept of lots/ standard lots in any way.
Disclaimer: GTLot is an original and unique method of measuring trading volume across all instruments and/or asset classes, developed by the Company solely for benchmarking, promotional and marketing purposes. GTLot is an indication of the trading volume of accounts registered only with the Company and does not in any way substitute standard lots, nor can a client trade any asset in the markets by using GTLot.