The last price at which a trade or trading in a security (e.g., a stock) has taken place on a venue (an exchange). This price will be the basis for the next transaction (trade) for that particular security. This price frequently changes during trading sessions and provides a basis for intra-day traders to assess the security’s price development.

During trading hours, prices frequently move up and down as the buy orders and sell orders keep flowing. When purchasing a stock, the last price at which the stock is being traded is known as the last traded price (LTP). This price provides a basis for future trade of a particular security.

During a given trading day, multiple buy and sell orders are placed for a security within given time intervals. These orders are matched, and each matched trade is executed at a price mutually agreed between the two sides of the market. This mutual price is known as the last traded price.

This price is determined based on demand and supply of a security and its trading volume.