GLOSSARY

RULING PRICE

26 May 2016 By PDSNET

The price at which the last trade on a security took place, unless there was a higher bid or a lower offer. So, for example, if the most recent trade took place at 100c, but there is an offer at 98c then the offer price would become the ruling price. Similarly, if there was a bid for 102c that would be taken as the ruling price.

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