Late-Day Trading

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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.

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Late Trading			The European single currency in late-day trading stood at 1. Dollar perks up as traders hold breath for financial rescue by AFP / AFP Global Edition But slow trading, typical of the summer holiday season, made it difficult for the Nikkei to close above 10,000, although it mainly moved above that line in late-day trading, brokers said. Tokyo stocks up on short-covering, Nikkei hits 10,000 by Japan Weekly Monitor The daily standard deviation will capture shifts in these expectations during the day, and it is influenced, as is the effective rate, by actual reserve conditions as they become apparent in late-day trading. Highlights of Domestic Open Market Operations during 1998 by Hilton, Spence / Federal Reserve Bulletin			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 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 Law of Demand Law of Diminishing Marginal Returns Law of Diminishing Marginal Utility Law of Large Numbers Law of One Price Law of Supply Law of the Sea			Late SV40 Factor Late syphilis Late syphilis Late syphilis late systole late systolic murmur Late tape Late Tapes Late term abortion Late Thursday Morning late time Late to Test Late to the Party Late trading Late Transition Metal Catalyst Late Triassic Late Triassic Late Twentieth-Century Developments Late Twentieth-Century Developments Late Twentieth-Century Developments late unpleasantness Late Victorian architecture late wood Late Xenograft Rejection Late, Great Planet Earth late-blooming Late-Bottled Non-Vintage Late-Branch Multi-Path Interference Regenerator Late-Breaking Clinical Trial Late-Day Trading Late-Deafened Adults Late-Developing Country late-flowering late-lamented Late-Life Mood Disorder Late-Life Psychotic Depression late-night late-night hour Late-Old Structure Late-Onset Adrenal Hyperplasia Late-Onset Central Hypoventilation Syndrome Late-Onset Corneal Haze late-onset diabetes Late-Onset Group B Streptococcal Late-onset Idiopathic Scoliosis late-onset immune deficiency Late-Onset Intractable Asthma Late-Onset Multiple Sclerosis Late-Onset Paranoid Psychosis Late-Onset Reduction of Muscarinic Acetylcholine Receptors Late-Onset Retinal Degeneration Late-Onset Retinal Macular Degeneration Late-Onset Tay-Sachs Foundation LATE-PCR

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