ELEGG
Finance
MTM tracker

Track the value of your hedge day after day

Once your FX hedge is in place, its value moves every day with the market. Our mark-to-market tracker shows that value in real time — and arms you against the extra margin your bank may take when you unwind or restructure.

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MTM tracking is reserved to clients and demo accounts

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01 · The problem

Unwinding a hedge is the second margin peak — and almost invisible

An FX hedge has a value that moves every day. At maturity, it is naturally unwound. In between, however, you often have to unwind or restructure: forecast changes, market opportunity, refinancing of a strategy that has become inadequate.

That is when your bank can take a significant margin again — often higher than the one taken at the initial pricing. How? By offering a buyback price lower than the theoretical value of your position. You have no way to verify that price without an independent tool.

Worse: if you restructure (buyback + new strategy), the bank compounds two margins. It is common to see restructurings carry €100-300k of total bank margin, of which 60-80% is invisible to the client.

02 · Our approach

A daily, theoretical, independent tracker

One-click position save

After a pricer analysis, a button lets you save the position. You get a personal dashboard, accessible with your client account or a free demo account.

Value recomputed every day automatically

We fetch the current spot and implied volatility for your pair, then recompute the theoretical value of your hedge. The result is appended to your history.

Instant comparison with your bank's quote

When your bank offers you a buyback price, you enter it on your dashboard. The gap with the theoretical value shows up immediately, expressed as a percentage of the initial notional — that is the margin your bank takes on the unwind.

03 · When to use it

Three situations where MTM tracking changes the conversation

Before signing a restructuring

Your banker proposes unwinding your current hedge and rolling into a new one. The MTM shows you the real value of your position and lets you challenge the buyback terms before signing.

To catch an opportunity window

If the value of your hedge becomes meaningfully positive (in your favour), you may decide to crystallise it. Without daily monitoring, you risk missing the window.

To revise your policy mid-year

If your order book moves (volumes up, client lost, new market), the hedge must adapt. Knowing the value of every position in the portfolio is the basis for any rational decision.

Interested in MTM tracking?

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The MTM tracker is a decision-support tool. The value displayed is a theoretical estimate based on the models documented in our Privacy Policy. For a contractually-enforceable valuation, refer to the official valuation issued by your bank counterparty.