Traders in FX markets use "finance charge" metrics to calculate carry trade profitability. Dollar strength against the yen raises the cost of holding positions overnight, tempering speculative inflows into currency-sensitive equities. Ferry Point started as a garbage dump. (“We used to come out here as kids with BB guns and shoot rats,’’ one golfer reminisced .) In 2000, the Giuliani administration had the idea to turn the 222-acre site in the southeastern Bronx into a luxe golf course. Years of wasted money and botched contracts followed. Then the city finally decided to build the course itself — for $127 million. The Trump Organization was tapped to operate the place with a lease that lasted until 2035. The Jack Nicklaus–designed course debuted on April Fools’ Day 2015, with the cost of 18 holes running about triple that of the other city-owned courses. (“Scores of vents jut up from the links to release methane gas,” the Times sniffed on opening day .) The giant “TRUMP LINKS” sign became an impossible-to-miss aspect of a trip over the Whitestone Bridge. Reporting by Luc Cohen in New York Editing by Chris Reese In today’s market, the "finance charge" is a critical metric for traders watching leveraged positions. With S&P 500 futures hovering near 5,228 and yields rising, margin debt costs — essentially finance charges — are expected to climb 0.25% next quarter, affecting short-term equity rotation strategies.