closing range

closing range definition - finance
The range of prices as the market closes. Each exchange determines what precise time period the closing range covers. Closing ranges are used in futures trading because, as the trading session ends, it takes time to determine what the actual closing price, called the settlement price, is.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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