late trading

Main Entry:  late trading
Part of Speech:  n
Definition:  a stock or bond trade placed after 4 pm that receives the 4 pm price and therefore earns abnormal returns; the illegal trading of stock or bond shares after the net asset values are set, giving an advantage over the average investor
Example:  Late traders can use the information revealed after 4 pm to guide their trades.
Usage:  late trader n
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