Release Date: November 4, 2024


In this release we have introduced below mentioned features on the website for Choice FinX Investors:

1. Position Page Simplified 
2. Change in the Average Price Calculation
3. Payout Modify/Cancel 

A.  Position Page - 

  1. Simplified Position Page
    We have simplified the Position page by showing only the things that matter to you i.e. Total P&L. This streamlined view makes tracking performance easier and keeps the focus on overall gains.
    You can access 
    MTM & Booked P&L for each scrip in Position > Details.

  2. Change in the Average Price Calculation
    Your Position page now displays the weighted average price for sharper insights.

How is it calculated?
The weighted average price accounts for both buy and sell actions to give you a clear cost average.
Using the example below:

Symbol
Type
Qty
Price
Nifty Fut
Buy   
60        (Buy Qty 1) 
450        (Buy Price 1)
Nifty Fut
Buy  
40        (Buy Qty 2)   
455        (Buy Price 2)
Nifty Fut
Sell  
30        (Sell Qty 1)
500        (Sell Price 1)
Nifty Fut
Buy  
20        (Buy Qty 3)  
490        (Buy Price 3)  


Formula:

Average Price Formula = ((Buy Qty 1 * Buy Price 1) + (Buy Qty 2* Buy Price 2) + (Buy Qty 3 * Buy Price 3) - (Sell Qty 1 * Sell Price 1)) /  (Buy Qty 1 + Buy Qty 2 + Buy Qty 3 - Sell Qty 1)  


B. Payout Page - 

  1. Payout request modify/cancel option -
    Want to make changes? Now you can modify or cancel payout requests while they’re pending status, directly from Funds Transaction History. 




User can Modify or Cancel the Payout request if the status is Pending.