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what about the post-close trading session?
many times, if there is a order discrepancy or closing range argument
on or after the close, the s&p pit comittee will open a post-close
trading session lasting several minutes until the discrepancy or
argument is resolved. this price becomes the settlement price and can
be outrside the day's trading range. these post-close prices are
significant to locals, floor traders, and institutional traders.
TJ
---"James F. Mazzulla" wrote:
Better than the one extracted directly from the rulebooks? Maybe this
is just a matter of semantics. In this regard, the term "closing
price" does not necessarily mean the last trade. A committee
establishes the range, an average is taken, and that's the settlement
or "closing" price.
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