23 lines
1016 B
YAML
23 lines
1016 B
YAML
id: PRICING-002
|
|
title: GLD/GC=F Basis Display
|
|
status: backlog
|
|
priority: P1
|
|
size: M
|
|
depends_on:
|
|
- PRICING-001
|
|
acceptance_criteria:
|
|
- Overview page shows both GLD implied spot and GC=F adjusted for comparison
|
|
- Basis indicator visible with threshold-based coloring (green < 25bps, yellow 25-50bps, red > 50bps)
|
|
- Warning displayed when basis exceeds normal bounds
|
|
- After-hours pricing gap noted when GLD is stale vs GC=F
|
|
- Display "last regular session close" vs "current futures indication" where appropriate
|
|
notes:
|
|
- GLD only trades US market hours (9:30 AM - 4 PM ET)
|
|
- GC=F trades 23 hours/day, 6 days/week
|
|
- Contango is typically ~$10/oz, causing GLD to appear at "discount" vs GC=F/10
|
|
- During stress (backwardation), GLD can appear at "premium"
|
|
implementation_hints:
|
|
- Add basis calculation to price display logic
|
|
- Use GLD price / GLD_OUNCES_PER_SHARE for implied spot
|
|
- Use GC=F - contango_estimate for fair value comparison
|
|
- Consider adding a small info tooltip explaining basis |