| 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 |