overnight position

Overnight position

A broker-dealer's position in a security at the end of a trading day.

Overnight Position

The position that a broker-dealer has at the end of a trading day. A large overnight position, either long or short, exposes the broker-dealer to the risk that events or after hours trading between the close and open of an exchange will negatively impact the price at the open. However, this risk is primarily relevant only when the overnight position is intended for the short-term.

overnight position

A broker-dealer's net security position at the end of a trading day. A large overnight position leaves the broker-dealer vulnerable to events occurring before the market opens the next day.
References in periodicals archive ?
The 24-year-old from Consett, with partner Mica Moore, dropped two places from their overnight position of sixth but still eclipsed the previous best of ninth set by Nicola Minichiello in 2006.
Deas, from Wrexham, held her overnight position in Igls, Austria, eventually missing the top 10 by five hundredths of a second, while Creighton went into day two in 17th before being pipped to that place by just 0.
The duo maintained their overnight position at the end of the two-day event after pushing hard to try and improve their position in very testing conditions.
England had started the day brightly, putting on 51 in the first hour for the loss of just one wicket from a perilous overnight position of 39 for five.
Having been dismissed for 19 on the first day, Pietersen was con-fined to a watching brief as his side kicked on from their commanding overnight position.
Having been dismissed for 19 on the first day, Pietersen was confined to a watching brief as his side kicked on from their commanding overnight position.
Yorkshire had resumed from their overnight position of 319 for four.
Resuming on their gloomy overnight position of 95 for two - still a massive 406 runs shy of a very unlikely victory target - Kent lost three wickets in the first session of the final day to leave Hampshire scenting their win by lunch.
Resuming from their overnight position of 38 for four, still 222 behind, Notts produced the perfect response as Lumb and Wessels combined.
18 seconds off a podium spot after he moved up three places to an overnight position of seventh in Rosa Khutor.
The USPGA champion sank six birdies and a bogey on the 18th was his only blemish as he climbed from an overnight position of joint-third to claim the title on 20-under-par.
The Royal Birkdale player walked the cutline tightrope after shipping three shots in his opening four holes to slip back from his overnight position of one under.