Late-Day Trading
(redirected from Late Day Trading)

0.02 sec.

Late-Day Trading

A practice in which a hedge fund buys or sells shares in a mutual fund after the end of a trading day, but asks the fund to record the transactions at the end of the trading day. Because the net asset value (NAV) of a mutual fund is determined at the end of each trading day, transactions that occur after the end of the trading day may distort the fund's true NAV. This allows a hedge fund to close their positions the next trading day at a profit. Late-day trading is considered unethical, but it is not illegal.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
Late Trading			March 15 /PRNewswire/ -- Bank of America today announced agreements in principle with the New York Attorney General and the Securities and Exchange Commission over matters related to improper late day trading and market timing of mutual funds. Bank of America Announces Mutual Funds Agreements by PR Newswire There has also been no suggestion that the recipients of the Wells notices themselves engaged in market timing or late day trading or that they entered into any special arrangements to permit market timing or late day trading in exchange for compensation or business consideration. Bank of Hawaii Corporation and the Asset Management Group of Bank of ... by Business Wire 4) --(BUSINESS WIRE) Hewitt Associates Who/What: 401(k) experts from Hewitt Associates, a global HR outsourcing and consulting firm, are available to discuss the impact of the SEC's proposed late day trading regulations on 401(k) investors. ADVISORY/Hewitt 401k Experts Available to Discuss Impact of Proposed ... by Business Wire			Lao Kip Laotian Kip Lapse Lapsed Option Lapsed Policy Large Cap Large Trader Large Value Transfer System Large-Cap Large-Capitalization larger parcel Lascito Last Last Fiscal Year Last In, First Out Last Notice Day Last Sale Last Sale Rule Last Split Last Survivor Annuity Last Trade Last Trading Day Last-In, First-Out Last-Sale Reporting late charge Late Day Trading Late Fee Late Fees Late Payment Late Retirement Late Tape Late Trading Late-Day Trading Latent Default latent defects lateral and subjacent support Latest Finish Time Latest Start Time Latino Latvian Lats Latvian Rublis Launder Lavagem de dinheiro Lavish or Extravagant Expense Lavoratore Lavoratore autonomo Lavoratore manuale Lavoro senza futuro law day Law of Blood law of capture			Late binding late blight late blight Late Blight of Potato late bloom Late bloomer Late Bottled Vintage Late Breaking News Late Breaking Question Late Bronze Age Late Bronze Age Late Bronze Age Late Cancellation Deferment Allowance Late Carboniferous Late Carboniferous Late charge Late Charges Late Check Out Late childhood Late childhood Late childhood Late childhood Late Complement Component-Deficient Late Cornish Late Cortical Cerebellar Atrophy Late Counter Late Course Accelerated Hyperfractionated Radiotherapy Late Cretaceous Late Cutaneous Allergic Response Late Cutaneous Vulvar Schistosomiasis Late Day Trading late deceleration late deceleration late deceleration Late Diastolic Coronary Resistance Late Discovery Adoptee Late Distal Convoluted Tubule late distal hereditary myopathy late distal hereditary myopathy late distal hereditary myopathy Late Dose Intensification Therapy late dumping syndrome late dyspituitary eunuchism Late Effect of Accidental Injury Questionnaire Late Effects Normal Tissue Late Effects of Polio Late Effects Study Group Late Embryogenesis Abundant Late Embryonic H4 Late Entry Late Entry Accelerated Program Late Eocene period Late Eocene period Late Error Gate Late fee Late fee Late Fees Late fine Late Finish Late Flank Alarm Late Flank Gate

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.

Late-Day Trading (redirected from Late Day Trading)

Late-Day Trading
(redirected from Late Day Trading)