An exchange regulation under which an official bid price for a cash commodity is competitively set at the close of each day’s trading. It holds until the next opening of the exchange. In other words, the opening price of a commodity is established at the end of the previous trading day, in order to rein in volatility in overnight trading.
Notice: Undefined variable: myString in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/themes/independent/template-parts/post/content-single.php on line 41
Comments