GTLot
A simple way to measure & benchmark trading volume
What is the GTLot?
The GTLot is a proprietary unit, uniquely created by FXGT.com, to measure and benchmark the trading
volume of a client’s Live Trading Account – across all asset classes.
1 GTLot = 100,000 USD of trading volume
Mission & Purpose
The primary purpose of the GTLot is to create a common unit for trading volume across all instruments and asset classes. The idea behind its creation was to find a quick and easy way to compare instruments, like for like. It acts as a solution to the abundance of CFD instruments available on the markets, taking the current diversity of contract size, denomination, and nominal value – and simplifying it into one comparable measurement.
How does the GTLot work?
*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 |
|---|---|---|---|---|---|
| *EURUSD | 1 | EUR | EUR 100,000 | 1.07626 | 1.07626 |
| * USDJPY | 1 | USD | USD 100,000 | 144.994 | 1.00000 |
| * GBPUSD | 1 | GBP | GBP 100,000 | 1.25488 | 1.25488 |
| ** XAUUSD | 1 | USD | 100 oz | 1995.19 | 1.00000 |
| ** #AAPL | 1 | USD | 100 Shares | 195.73 | 1.00000 |
| ** US100 | 1 | USD | 1 US100 | 16084.05 | 1.00000 |
| ** JP225 | 1 | JPY | 100 JP225 | 32571.5 | 0.00003 |
| Instruments | Volume In USD* |
GTLot |
|---|---|---|
| *EURUSD | 107626 | 1.076 |
| * USDJPY | 100000 | 1 |
| * GBPUSD | 125488 | 1.255 |
| ** XAUUSD | 199519 | 1.995 |
| ** #AAPL | 19573 | 0.196 |
| ** US100 | 16084.05 | 0.161 |
| ** JP225 | 97.715 | 0.001 |
| Instruments | Base Currency To USD Price |
Volume In USD* |
Base Currency |
Contract Size |
Price | Lot | GTLot |
|---|---|---|---|---|---|---|---|
| *EURUSD | 1.07626 | 107626 | EUR | EUR 100,000 | 1.07626 | 1 | 1.076 |
| * USDJPY | 1.00000 | 100000 | USD | USD 100,000 | 144.994 | 1 | 1 |
| * GBPUSD | 1.25488 | 125488 | GBP | GBP 100,000 | 1.25488 | 1 | 1.255 |
| ** XAUUSD | 1.00000 | 199519 | USD | 100 oz | 1995.19 | 1 | 1.995 |
| ** #AAPL | 1.00000 | 19573 | USD | 100 Shares | 195.73 | 1 | 0.196 |
| ** US100 | 1.00000 | 16084.05 | USD | 1 US100 | 16084.05 | 1 | 0.161 |
| ** JP225 | 0.00003 | 97.715 | JPY | 100 JP225 | 32571.5 | 1 | 0.001 |
How are GTLots used?
Benchmarking
As a daily, weekly, and lifetime trading performance indicator to calculate trading volume
They can act as a trading performance indicator on the Dashboard, allowing the trader to find out in a quick and simple way exactly how much overall volume they are trading with in their account.
Promotions
As a target or performance metric in promotions, campaigns, and competitions
They can 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 or a competition or win a prize
Requirements
As a maintained trading requirement, e.g., to be eligible for FXGT.com VIP Services
They can be a trading requirement that needs to be maintained, e.g., monthly trading volume of 5 GTLots, to be eligible for FXGT.com VIP Services
Where can you find the GTLot metric?
CLIENT PORTAL – DASHBOARD
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PARTNER PORTAL – DASHBOARD
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Frequently Asked Questions
The GTLot is an innovative unit, specially designed by FXGT.com for measuring and benchmarking the trading volume of a client’s Live Trading Account across all CFD instruments and asset classes. The 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 standardised unit.
It works by converting the overall trading volume of an account to USD and by standardising 1 GTLot to be equal to 100,000 USD of trading volume.
Clients can view the volume(s) of each of their Live Trading Account’s in GTLots from the Client Portal Dashboard.
To calculate the volume in GTLots we use the following formula:
- Volume in USD = Lot X Contract Size X Market price (converted to USD)
- GT Lots = Volume in USD/100,000
Example 1:
Using BTCUSD as an example:
If trading BTCUSD with 1 standard lot, where the contract size is 1, and the market price is quoted as 40,000 USD.
Volume is USD = Lot * Contract size * Market price (converted to USD)
Volume is USD = 1 * 1 * 40,000 = 40,000
Then:
GTLot = Volume in USD/100,000
GTLot = 40,000/100,000 = 0.4 GTLots.
Example 2:
Using the stock of Apple (#AAPL) as an example:
If trading #AAPL with 1 standard lot, where the contract size is 100, and the current price is 2,000 USD.
Volume in USD = Lot X Contract Size X Market price (converted to USD)
Volume in USD = 1 * 100 * 2,000 = 200,000
Then:
GTLot = Volume in USD/100,000
GTLot = 200,000/100,000 = 2 GTLots.
GTLots are used by FXGT.com only for benchmarking, promotional, and marketing purposes.
They can act as a trading performance indicator on the Dashboard, allowing the trader to find out in a quick and simple way exactly how much overall volume they are trading with in their account.
Furthermore, GTLots can 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 or a competition or win a prize.
In a similar manner, GTLots can be a trading requirement that needs to be maintained, e.g., monthly trading volume of 5 GTLots, to be eligible for FXGT.com VIP Services.
No, the GTLot concept was created by FXGT.com 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 or 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.