Split Close
A market closing with price discrepancies within a series of final daily futures-contract transactions. Investopedia Says:
During the final minutes allotted for the closing of the markets, futures contracts will typically trade within a range of prices. A split close occurs if more than two contracts with the same underlying trade at different prices.
For example, if a June pork bellies contract has a positive gain at the close while a July pork bellies contract has a negative loss, a split close occurs. Related Terms:
Close
Futures Contract
Pork Bellies
Settling Price |