Official Closing Price
Definition
Official Closing Price. The price at close of trading on a given trading day on an exchange.
Issues and Challenges
The type of price which is quoted will be determined by the exchange. Last Price is recognised as the last trade on that exchange, not a last quote price. (fact about closing Price) Possibles: Last trade at the close of the market Last offer. Variants: what if there is no trade for example. Also may use prior to last trade. Official exchange calculated closing price. Questions at review: What about closing bid, mid offer. MDDL definition:The final price as of market close.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
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