If Im working at a Global Hedge fund, where our PMs trade all markets (Europe, LATAM, US, Asia) etc..., what are your thoughts on reporting the P&L when there is a holiday in the US or in the UK for example?
In other words, should we report P&L/Risk when it is a UK holiday? For a Universal holiday like Xmas for example, its obvious you wouldnt report PL for the 25th, but what about Boxing Day (26th Dec) - the US is Open and the UK is closed - should we report P&L for the 26th (i.e. if the answer is Yes then what about RV trades UK v US - surely that would create Lop sided PL)
Please do let me know your thoughts - what factors should we look at in determining what is considered a Holiday and when should we report numbers? Obviously for weekends and universal holidays you dont, but more so when there are Jurisdicational holidays..
Thanks v much!