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.
Derivatives
Derivatives have increasingly become very important tools in finance over the last three decades. Many different types of derivatives are now traded actively on ...
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