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Last trading day

• The final day under an exchange's rules during which trading may take place in a particular futures or options contract. Contracts outstanding at the end of the last trading day must be settled by delivery of underlying physical commodities or financial instruments, or by agreement for monetary settlement depending upon futures contract specifications.

• Is the final day of trading for a specific futures, options, or other derivative contract.

 
 Embedded terms in definition
 Contract
Delivery
Derivative
Futures contract
Futures
Instruments
Options contract
Options
Settlement
Take
Trading
Underlying
 
 Related Terms
 

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Many a man has finally succeeded only because he has failed after repeated efforts. If he had never met defeat he would never have known any great victory. - Orison Swett Marden

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