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 ?
Finishing in third place after the first day of competition left some work to do with Hoop and Clubs routine still to be competed - however, after some outstanding performances, they elevated their overnight position to that of gold and that of overall championship winners.
McIlroy was back in action at 10am today and will need to work a sporting miracle to climb from his lowly overnight position to the required cut position of tied 70th after round two.
Resuming on their overnight position of 25 for two, Ben Slater and nightwatchman Luke Fletcher eased their way against pace during the opening hour but were then undone by the introduction of spin.
Northants converted their strong overnight position into a score of 445 all out, with Luke Procter unbeaten on 81.
Resuming from their overnight position of 106 for five, with an overall deficit of 99, Nottinghamshire's sixthwicket pairing of Libby and Tom Moores were parted inside the first half an hour of the day.
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 0.01 seconds over four runs.
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.