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Hello,
Lately we received an RFQ on this instrument GILD.OQ(GILD UW). When we query the TREP service for a last trading price, the response we get is 0. At the time of the request, the US market(where the stock is listed) was closed.
We find this behavior odd actually. Ideally, when we ask for a LTP, we should get the previous close if the market is not open. Furthermore, this seems to be the behavior indeed for other stocks such as PFE.N(PFE UN).
Can you please advise ?
Thanks,
Mouhssine
@mouhssine.trachli
For exchange traded instruments the data collections mechanism implemented on Refinitiv Elektron datafeed employs closing runs executed after the close of the trading session in preparation for the next trading session. During the closing run the value of TRDPRC_1 field is set to +0, the value of HST_CLOSE field is updated with the close price from the most recent session etc. The logic of setting TRDPRC_1 field to +0 is to signify there have been no trades (hence no trade price has been recorded) in the new trading session.
Since you posted your question on the forum dedicated to Eikon Data APIs, I assume you use Eikon. In this case instead of TRDPRC_1 you can use CF_LAST field, which is populated with the last trade price (from field TRDPRC_1) and contains logic to fallback on HST_CLOSE (and other fields depending on the instrument) if the value of TRDPRC_1 is +0.
Actually we use Elektron API actually. For now we are trying to access the TRDPRC_1. I cannot find the CF_LAST record, are your sure it is available with Elektron API ? Is there a document with the list of available records and their meaning.
Thanks,
CF_LAST is currently only available through Eikon. It is not available through Elektron APIs. With Elektron if you'd like to fallback on the previous close when no price is available in TRDPRC_1 you'd need to code it into the business logic of your application: check the value of TRDPRC_1 and if it is "+0" use HST_CLOSE instead.
Hello @mouhssine.trachli,
This forum is dedicated to developer discussions of Refinitiv APIs and their usage.
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In this instance, we have opened a content inquiry on your behalf, incident # is 07859953.
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Regards,
-AHS
