UT Trades...8 Apr 2020 18:28
Why? a 4.30 tra?de?
To allow unfinished orders to be completed.
eg broker had 1million to buy over day, they completed 990,890 and the? balance is to be completed, and oddlots are not left over.
or, some funds, brokers, clients try to get set on as close as possible to the end of day price.
?or sometimes trades during the day have been amalgamated and are crossed and booked out to a client. Sometimes its part of two different clients matching orders and they want a price to just transfer stocks.
This of course means there is two closing prices (usually called a different thing - eg; last price, or settlement price) ?
if you have direct market access and? can see the crossed over prices before they match out, then i would assume you should be able to participate as well.
Its like a cleanup session for the end of the day.