Last trading day

Similar financial terms

Elasticity
The percentage change in one variable given a 1% ceteris paribus increase in another variable

Price elasticity
The percentage change in the quantity divided by the percentage change in the price.

Option elasticity
The percentage increase in an option's value given a 1% change in the value of the underlying security.

LIFO (Last-in-first-out)
The last-in-first-out inventory valuation methodology. A method of valuing inventory that uses the cost of the most recent item in inventory first.

Last-In-First-Out (LIFO)
A method of valuing inventory that uses the cost of the most recent item in inventory first.

Last split
After a stock split, the number of shares distributed for each share held and the date of the distribution.

Last straw
Mistake or problem that causes a manager to take action.

Trading Halt
The temporary suspension of trading in a quoted security, usually for 30 minutes, while material news from the issuer is being disseminated over the news wires. A trading halt gives all investors equal opportunity to evaluate news and make buy, sell, or hold decisions on that basis. A trading halt may also be imposed for purely regulatory reasons, either by the SEC, the FSA, any index or other regulatory body.

Daytrading
Refers to trading in securities were positions are opened and closed on the same day.

Trading range
The difference between the high and low prices traded during a period of time; with commodities, the high/low price limit established by the exchange for a specific commodity for any one day's trading.

Trading posts
The posts on the floor of a stock exchange where the specialists stand and securities are traded.

Trading paper
CDs purchased by accounts that are likely to resell them. The term is commonly used in the Euromarket.

Trading costs
Costs of buying and selling marketable securities and borrowing. Trading costs include commissions, slippage, and the bid/ask spread. See: transaction costs.

Program trading
Trades based on signals from computer programs, usually entered directly from the trader's computer to the market's computer system and executed automatically.

Insider Trading
Insider trading is the trading (buying or selling) of shares in a company by an insider - i.e. a senior manager, director, or person who owns more than 10% of the shares of a company. Insider trading is not illegal. But, if insiders trade on material privileged information - before it becomes known to the general public - that is a problem! This is perfectly legal except when trading takes place using privileged information which has not yet been released to the public. We often hear of insider ...

The Commodity Futures Trading Commission (CFTC)
The Commodity Futures Trading Commission is the federal agency created by Congress to regulate futures trading. The Commodity Exchange Act of 1974 became effective April 21, 1975. Previously, futures trading had been regulated by the Commodity Exchange Authority of the USDA.

Separate Trading of Registered Interest (STRIPS)
Separate Trading of Registered Interest and Principal Securities (STRIPS) are securities that have their periodic interest payments separated from the final maturity payment and the two cash flows are sold to different investors.

Fictitious Trading
Wash trading, bucketing, cross trading, or other schemes which give the appearance of trading. Actually, no bona fide, competitive trade has occurred.

Volatility Quote Trading
Refers to the quoting of bids and offers on option contracts in terms of their implied volatilities rather than as prices.

Ginzy Trading
A trade practice in which a floor broker, in executing an order -- particularly a large order -- will fill a portion of the order at one price and the remainder of the order at another price to avoid an exchange's rule against trading at fractional increments or "split ticks." In In re Murphy, [1984-86 Transfer Binder] Comm. Fut L. Rep. (CCH) at pp. 31,353-4 (Sept. 25, 1985), the Commission found that ginzy trading was a noncompetitive trading practice in violation of section 4c(a)(B) of the Com ...

Today's High
The intraday highest trading price.

Today's Low
The intraday lowest trading price.

Day Trade
A trade that is entered into and closed out on the same day.

Black Monday
The black monday refers to Monday 19th October 1987 when stock market values around the world fell heavily triggered by a large fall in US share prices. On Black Monday, the S&P 500 Index lost 20,5%, the Dow Jones Industrial Average (DJIA) lost 22,6%. The Nasdaq Composite, however, lost "only" 11,3%.

Day Order
A buy or sell order that will expire automatically at the end of the trading day on which it is entered.

Skip-day settlement
The trade is settled one business day beyond what is normal.

Notice day
A day on which notices of intent to deliver pertaining to a specified delivery month may be issued.

Day around order
A day order that supersedes (cancels and replaces) the previous order by altering its size or price limit.

Black Friday
A precipitous drop in a financial market . The original Black Friday occurred on September 24, 1869, when prospectors attempted to corner the gold market.