How does the exchange calculate the daily settlement price on futures?

Discussion in 'Trading' started by BillySimas, Aug 19, 2012.

  1. I noticed that intraday charts on any futures product have a "last trade" price at the close that is different from what ends up being the settlement price shown on a daily chart. Does anyone know how the exchange calculates or comes up with this settlement price? Thanks in advance.
  2. Thanks so much, that's exactly what I was looking for.