Does anyone trade in Europe from Eastern Time? If i wake up at 7am Eastern Time, I’ve already missed most of the day in Europe (I think about 4 hours are missed). And I usually submit VWAP or TWAP orders that execute during the session.
I was thinking of maybe submitting the trades the night before, but that depends on when the European database updates… any know if that would be possible? Or does the European database update at the same time as the US database?
This is the server update schedule.
Current status can be checked at: https://www.portfolio123.com/server_status.jsp
We don't differentiate between US and European data updates.
Wait so the late update happens after Europe opens???
Yes. That's why there's an Early update.
But on Mondays you can’t get the data before the European market opens?
I fixed a typo in my original reply. Early updates are available prior to European markets opening. Final data is not available prior to European markets opening.
Any chance the Europe update could be done earlier so I could send the orders the night before?
I have this issue too.
Automated portfolios and designer models don’t update until after the market opens in Europe.
I need a setting on certain portfolios to update the portfolio automatically after the normal weekend price/data update, and not wait until after the market opens.
Live strategies do include an Early Rebalance option. To access it, go to the General tab and look under the Live Recommendations section. There you will find the setting:
Early Rebalance: Yes / No
When enabled, the strategy can generate rebalance recommendations before the traditionally scheduled rebalance time.
So the feature itself does exist. Are you saying that there is a problem with how the Early Rebalance behaves when it is triggered in actual practice?
But is the early rebalance based on stale data? Won’t match backtests if thats the case…
I would not describe the early-update data as stale, although additional finalized data does arrive later Monday morning during the regular update cycle.
One way to evaluate the impact would be to run the same European model in parallel using two instances: one using the Early Update/Early Rebalance data, and the other using the standard late Monday morning update. You could then compare the results over time to see how much the outputs diverge in practice.
Why not just update the Europe database a few hours earlier? Presumably for the Asian / EM database it will not be updating on the same schedule as that would be during their trading hours?
Just following up on this question, I have no way of trading with the Europe or Asia / EM data if its not updated earlier than the US / Canada data.
Staggering the update schedules by region is something we've discussed internally. We recognize it needs doing, but it isn't scheduled yet. So it will get done, just not in the immediate future.
Will it be done in time for Asia / EM data? I’m paying / pledging a lot for the data that I can’t use…
From my perspective, dynamics in Europe are softer than in Usa...with Early Rebalance or without it is more than enough, at least for now. Just my opinion. Of course any enhancement in the future would be welcome
The early rebalance is not early enough is what I am saying. For anyone in Eastern time, to trade European markets, would have to send orders the night before or wake up at 2:30 in the morning.
The gating item here is the FactSet EMEA update schedule. The data isn't available any earlier than it currently lands, so we can't pull the rebalance forward without running it against stale values. Until that upstream schedule changes, the rebalance can't move any earlier.
What is the Factset EMEA update schedule? My understanding was that they are constantly updating their databases each hour.
I find it hard to believe that Factset’s EMEA schedule requires anyone in Eastern time to wake up at like 2am to use the data…