last trading price is 0 when market is closed for GILD.OQ

mouhssine.trachli
mouhssine.trachli Newcomer
in Eikon Data APIs

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

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Best Answer

  • Alex Putkov.1
    Alex Putkov.1 ✭✭✭✭✭
    Answer ✓

    @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.

Answers

  • zoya faberov
    zoya faberov ✭✭✭✭✭

    Hello @mouhssine.trachli,

    This forum is dedicated to developer discussions of Refinitiv APIs and their usage.

    If you have a reasonable doubt that specific Refinitiv-provided content is correct, or have a question on Refinitiv content, we'd like to hear of it. The best and the most efficient way to get the answer to your question is to ask Content Helpdesk via my.refinitiv.com or via phone. The appropriate content expert will be assigned and get your inquiry answered.

    In this instance, we have opened a content inquiry on your behalf, incident # is 07859953.

    Please expect the follow-up to your company email address registered on developers portal.

    Regards,

    -AHS

  • mouhssine.trachli
    mouhssine.trachli Newcomer
    https://community.developers.refinitiv.com/discussion/comment/46962#Comment_46962

    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,

  • Alex Putkov.1
    Alex Putkov.1 ✭✭✭✭✭
    https://community.developers.refinitiv.com/discussion/comment/46984#Comment_46984

    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.

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