Daily Cut-Off

Wednesday, October 17th, 2007

Some people don’t understand why you need a daily cut-off when dealing with a 24 hour market and more so when dealing with a completly electornic market. But the Daily Cut-Off refers to the specific point in time in a forex market that is identified by a forex trader as the end of the trading day and the beginning of a new one. This practice is done mainly for administrative and logistical reasons because the forex market continues to trade for 24 hours and there is a need to specify a beginning and an end to each trading day to make it easy to record trade dates as well as settlement periods.

This entry was posted on Wednesday, October 17th, 2007 at 7:02 pm

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