Late trading is trading executed after the standard local national exchanges have closed. This is distinct from after-hours trading, as they have in context specific meanings, the former may be illegal while the latter is legal.
Read more about Late Trading: Mutual Funds, Controversy
Famous quotes containing the words late and/or trading:
“Roosevelt could always keep ahead with his work, but I cannot do it, and I know it is a grievous fault, but it is too late to remedy it. The country must take me as it found me. Wasn’t it your mother who had a servant girl who said it was no use for her to try to hurry, that she was a “Sunday chil” and no “Sunday chil” could hurry? I don’t think I am a Sunday child, but I ought to have been; then I would have had an excuse for always being late.”
—William Howard Taft (1857–1930)
“His farm was “grounds,” and not a farm at all;
His house among the local sheds and shanties
Rose like a factor’s at a trading station.”
—Robert Frost (1874–1963)