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Market Formulas are used to define the different rules for how the prices are ultimately calculated. Such as, "Get last Wednesdays Market" or "Get the Previous Days Market."

Pre-Requisites

  1.  Market Source

Step-by-Step Guide

  1. Access the Master module.
  2. Click Pricing.

  3. Click Market Formula.

  4. Click Add.

  5. Specify a Code.

  6. Select an Effective Date.

  7. Specify a Description.

  8. Optional: Specify a Company - Division.

  9. Click the Formula Days tab.

  10. Select a Start Day option.

  11. Optional: Select Exclude Saturday or Exclude Sunday.

  12. If the Start Day option is not set to "Daily", specify a Hold Days value (in increments of 7 days).

  13. Click into the Days Prior column and specify a value. See examples below.

  14. Optional: For Formulas that are an average of multiple days markets, add any additional rows below the default / first row.

  15. Click Save.

Formula Examples 

  1. To specify "Get last Wednesday market, effective on Monday, hold for 7 days."
    Start Day: Monday
    Hold Days: 7
    Day's Prior: 5

  2. To specify "Get yesterdays market, daily."
    Start Day: Daily
    Day's Prior: 1

  3. To specify "Get today's market."
    Start Day: Daily
    Day's Prior: 0 

 

 

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