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.
LAST TRADING DAY
Meaning of LAST TRADING DAY in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012