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Losses/gains on a futures contract

You are long one CME Dec sterling future of contract size £62.500. Mon closing of the future was 1.8212 USD/GBP. On Tues, the price rose to 1.8289; on Wed the price changed to 1.8275. Calculate your profit/loss in USD on Tue and Wed.

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Contract size= £ 62,500
Day ...

Solution Summary

The losses/gains on a futures contract (due to daily mark to market) are calculated for 2 days.