How to Calculate the Closing Price on MCX Symbols?
When i go thru MCX official explanation..
What is a closing price and how is it calculated?
At the end of a trading day, the system calculates the Closing Price of each and every contract traded on the system. The logic for calculation of Closing Price is as follows:
Closing Price is equal to weighted average price of all trades done during the last 30 minutes of a trading day.
If the number of trades during last 30 minutes are less than 10, then it is based on the weighted average price of the last 10 trades executed during the day.
If the number of trades done during the day are less than 10, then it is taken as the weighted average of all the trades executed during the day.
If no trades have been executed in a contract on a day, then the official closing price of the previous day is taken as the official Closing Price.
Provided that in such cases, the Exchange will have the right to modify the Closing Price for the purpose of marking to market and making the open positions closer to the market.
But Still some confusion
..Seniors Pls explain in detailed?
Thanks in Advance.
Regards,
VINOD.RPS
When i go thru MCX official explanation..
What is a closing price and how is it calculated?
At the end of a trading day, the system calculates the Closing Price of each and every contract traded on the system. The logic for calculation of Closing Price is as follows:
Closing Price is equal to weighted average price of all trades done during the last 30 minutes of a trading day.
If the number of trades during last 30 minutes are less than 10, then it is based on the weighted average price of the last 10 trades executed during the day.
If the number of trades done during the day are less than 10, then it is taken as the weighted average of all the trades executed during the day.
If no trades have been executed in a contract on a day, then the official closing price of the previous day is taken as the official Closing Price.
Provided that in such cases, the Exchange will have the right to modify the Closing Price for the purpose of marking to market and making the open positions closer to the market.
But Still some confusion
..Seniors Pls explain in detailed?Thanks in Advance.
Regards,
VINOD.RPS
