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>Mark Brown -
>
>This list knows only too well your capacity for rambling on and on and on,
>in illiterate fashion, but, bearing in mind your first sentence, do you
>actually have an answer to the question?
>
>Bill Eykyn
Thank You, I think!
Yes I have an elementary answer :
The closing price is the last price that the little flunky types into his
reporting terminal at the exchange or the last tick that you get from your
quote box given that you you may have exceeded the buffer limit and it
dumped the real last tick and you instead received the next to the last tick
as a proxy. And your neighbor next door did receive the very last tick
that the little flunky typed in because he has 26 real time symbols in his
quote server and not the 26,000 you may have.
The settlement price is that which is established after a market closes but
before its next session opens, usually just minutes after the little flunky
types in the last trade by a committee that is appointed to do so. Often
that price is far from the last trade's factual being.
close price = the close you get on intra day data
settlement price = the close you get on eod or daily data.
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