LAST TRADING DAY


Meaning of LAST TRADING DAY in English

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.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.