Contracts

Also seen as: units, shares, quantity.

What do Contracts and Max contracts measure?

Contracts is a count of how much of one instrument is held: a position of 10 shares holds 10 contracts, regardless of the price. Max contracts is the peak of that count over the position's life — if a position was built up to 15 shares and later trimmed to 8, its Max contracts is 15:

where $q_t$ is the quantity held at time $t$.

Defaults in Fincanva

• Contracts appears per trade in the Trade history table (Italian "Contratti"); Max contracts appears per position in the Positions table (Italian "Contratti max").
• The value is a count of units, shares, or contracts — distinct from the position's money value in the "Gross" and "Net" columns.
• Distinct from Max positions, which caps how many different instruments are held at once, not the quantity of any single one.

Worked example

A position opens with 10 shares. A later rebalance adds 5, taking it to 15, and a partial exit then sells 7, leaving 8. Its Contracts change trade by trade — 10, then 15, then 8 — while Max contracts records the high-water mark of 15, the most it ever held.

A quantity records what a simulation held on historical data, never a real order, and it is not a position size to take in any instrument. Fincanva provides no financial advice — see Is this financial advice?.