Differences

This shows you the differences between two versions of the page.

--- 0_public:price:closing [2024/12/02 19:34] – removed - external edit (Unknown date) 127.0.0.1
+++ 0_public:price:closing [2024/12/02 19:34] (current) – ↷ Page moved from price:closing to 0_public:price:closing pointnm
@@ Line 1: / Line 1: @@
+====== Closing Price ======
+Most analysis is based on end-of-day price data, which is the mathematical mid-point of the
+best available bid-offer spread at exchange closing (or other market-standard sampling time).[(:ref:trader_construction_kit)]
+If the market for a product is quoted at $24.95 bid, $25.05 offered, then the closing mark will be $25.00[(:ref:trader_construction_kit)]
+Though nothing has traded and value has arguably never significantly diverged from the initial
+$25.00 level, it appears from the mid-market closing data that the market has rallied $1.00 then
+suddenly crashed down $2.00.[(:ref:trader_construction_kit)]