Cross gain/loss is defined as FX gain/loss on market gain/loss. LUSID can calculate cross gain/loss but does not currently report it fully.
Consider the following example, of a single unit of a USD stock in a GBP portfolio that is valued on the purchase date:

Imagine we subsequently value this holding after a change in the market price (from $70 to $88) and the USD/GBP rate (from 0.8 to 0.85):

Metric | Calculation | |||
|---|---|---|---|---|
Base cost |
| Purchase FX rate * Purchase price |
| |
Base PV |
| Current FX rate * Current price |
| |
Base P&L | Total |
| Base PV - Base cost |
|
Market |
|
| ||
FX |
| |||
However, the market P&L actually consists of two components: market gain, and FX gain on that market gain. It is not currently possible to report this separately in a valuation.
It is possible to examine this separately in journal entry lines if the portfolio is managed by a fund:

Here, the market gain of £15.30 is broken down into:
Core market gain: £14.40
FX gain on the market gain: £0.90 (highlighted in yellow, and reported as both a credit and debit per the double-entry system):
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