last trading day

last trading day
According to the Chicago Board of Trade rules, the final day when trading may occur in a given futures or option contract month. Futures contracts outstanding at the end of the last trading day must be settled by delivery of the underlying commodity or securities or by agreement for monetary settlement ( in some cases by EFPs) Chicago Board of Trade glossary
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The last day on which a futures contract is traded. The CENTER ONLINE Futures Glossary
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The final day under an exchange's rules during which trading may take place in a particular futures or options contract. Contracts outstanding at the end of the last trading day must be settled by delivery of underlying physical commodities ( physical commodity) or financial instruments, or by agreement for monetary settlement, depending futures contract specifications. Bloomberg Financial Dictionary
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The day on which trading ceases in a contract month. Chicago Mercantile Exchange Glossary
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The last day on which a derivatives contract may be traded. Dresdner Kleinwort Wasserstein financial glossary
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The day on which trading ceases for an expiring contract. Exchange Handbook Glossary

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   The last day for trading in the current delivery month. Futures contracts outstanding at the end of the last trading day must be settled by delivery of the underlying asset or by cash settlement.
   ► See also Cash Settlement, Futures.

Financial and business terms. 2012.

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