Trade Date is a securities industry term describing the trading day a trade (bonds, equities, foreign exchange, commodities etc.) was conducted. Trade Date does not necessarily equal the actual calendar date because in many cases (differing from market to market and asset to asset and exchange or OTC) a trade done very early or very late falls on the previous or following trade date.
This occurs because in the international market a trade conducted in (e.g.) Japanese equities at 3pm in London needs to effectively be considered as the following day for Japanese stock exchange reporting requirements.
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Famous quotes containing the words trade and/or date:
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