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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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Being busy does not always mean real work. The object of all work is production or accomplishment and to either of these ends there must be forethought, system, planning, intelligence, and honest purpose, as well as perspiration. Seeming to do is not doing. Thomas Alva Edison

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