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 system provides clients with real time P&L, sophisticated order entry and tracking, and full back office functionality with straight through processing capabilities, including deal history, margin analysis and overnight position management.
The 51-year-old who is chasing his first European Senior Tour victory after finishing runner up three times, posted a level par second round 72 to consolidate his overnight position at the top of the leaderboard.
Earlier, Matt Prior struck 64 as the tourists extended their overnight position of 236-5.
Debutant Andrew McDonald (1-16 from 14 overs) chipped in with his first Test wicket - removing Hashim Amla (51) lbw - as South Africa's strong overnight position of 125 for one was quickly eroded.
Michael Carberry's second Championship century of the season put Hampshire in a strong overnight position at 350 for five.
I watched that putt on the television earlier in the day,' said Woods of his eagle which turned a day of grinding into a great overnight position.
At that stage he was one clear of Australia's Richard Green, who improved from his overnight position of seven-under with a birdie at the 5th.
Earlier in the day, Butcher combined with Surrey team-mate Stewart to steer the hosts from their overnight position of 273-4 on to 374-6 and in the process set a new fifth-wicket partnership against Sri Lanka of 92.
The big Scot failed miserably to produce the sub-70 round he needed to make his overnight position of one over par into something which could frighten the leaders.
I'm pleased with our overnight position and I'm looking forward to tomorrow's longer stages.
The software offers true straight through processing, updating each trader's position in real-time, tracking profit and loss, and offering full back office functionality, including deal history, margin analysis, and overnight position management.
The Commonwealth champion had clung to her overnight position of second through the opening event of the second day, the long jump, clearing 6.