How is an intra-day position different to an overnight fx position?
An ‘overnight fx position’ is a position that is still on when normal trading hours end at 4:30 EST these are then automatically rolled over to the next day’s price at competitive rates (based on the currencies interest rate differentials). On the other hand, ‘intra-day positions’ are all the positions that are opened after the close of normal trading hours (anytime during the 24h period after 4:30 EST).
