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Settlement Price
(redirected from Settlement Prices)

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Settlement price
A figure determined by the closing range that is used to calculate gains and losses in futures market accounts. Settlement prices are used to determine gains, losses, margin calls, and invoice prices for deliveries. Related: Closing range.
Settlement Price
In futures, the average price at which a futures contract trades on a given day. It is calculated by taking the average of the opening price and the closing price on that day. The settlement price helps a broker determine whether a client's margin account needs to be called, if the price changes too much, and the client holds the contract in question.
settlement price
In futures trading, an official price established at the end of each trading day by using the range of closing prices for a particular contract. This price, similar to the closing price for stock, is used to determine margin requirements and the following day's price limits.
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Aside from the fact that Comex recently changed the method to determine settlement prices from a market-driven basis to instead allow a manual override, which now makes backwardation on the posted Comex settlement prices virtually impossible, one has to first recognize that Comex is first and foremost a market for paper-gold and paper-silver.
Scramble for physical metal intensifies by James Turk, GoldMoney.com / Stockhouse
Settlement at expiration will be based on the LME's official cash settlement prices.
London and Singapore to tie up for metals futures by Staff Reporter / AFP Global Edition
The US Commodity Futures Trading Commission (CFTC) has issued an order filing and simultaneously settling charges that Moore Capital Management (MCM), Moore Capital Advisors (MCA), both based in New York, and Moore Advisors (MA), a Bahamian entity, attempted to manipulate the settlement prices of platinum and palladium futures contracts on the New York Mercantile Exchange (NYMEX).
Moore Capital Management hit with $25 million fine by CPI Financial
 
 
 
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