I believe the daily settlement price is the last print made in the pit session, which closes at 2:30 EST. For example, today's settlement price is 77.11.
I was a perma bear during the bull run (until a few weeks ago) i turned perma bull a few weeks before the bottom fell out i am currently in the bull camp but thinking there is a chance we test 70. i don't see lower prices unless we start to see real evidence of an economic slowdown. I am looking for a bounce to 80-82
I received notice about execution between 2:40 to 3:00. some will be cancelled. I wish my crude trading is cancelled.but I wish my NQ is kept. they are talking about stocks, not futures?
you have to have traded into an instrument that is 60% from its listed price at 2:40pm. none of the futures qualify for sure. its really for those stocks that plunged to .01 anyway, if you bought something at a 60% discount, you've got something to worry about.
I hope this is not what's to come down the road. What's to stop these exchanges from saying "oops, there was a technical glitch, your orders are now null and void" every time the spooz drops 50-100 points? How can there be a technical flaw of this magnitude?
Technical glitch, my ass. Looks to me like the sell programs all triggered at once based on a technical price breakdown and worked absolutely flawlessly.
We will prolly bounce above them in a couple of days and it will be smooth sailing again for the bulls, just like the 87 crash, one day does not a bear make.