FIFO vs LIFO

FIFO (First In, First Out) and LIFO (Last In, First Out) are trade matching methods used to determine which open positions are closed when offsetting trade is placed.

FIFO closes out the oldest positions first. For example, if you have multiple long positions, the earliest one entered will be the first to be closed when you place a sell order.

LIFO closes the most recent open positions first, meaning the latest trade is matched and closed first when an opposite order is placed.

These methods impact how profits, losses, and taxes are calculated on each trade.

Note: AMP Global only clears trades using FIFO method, as required by the CME. This ensures consistent fair, and transparent order matching in compliance with exchange rules.