LAST TRADING DAY Sample Clauses

LAST TRADING DAY. Specification of the last trading day for expiring contracts should be established such that it occurs before publication of the underlying third-party price index or determination of the final settlement price. If the designated contract market chooses to allow trading to occur through the determination of the final settlement price, then the designated contract market should show that futures trading would not distort the final settlement price calculation. The last trading day is the maturity date of the contract, in the case of credit default swaps, or its expiration date, in the case of swaptions, which is set by the counterparties.

LAST TRADING DAY. The Last Trading Day for each Contract Month shall be the tenth (10th) calendar day of the month preceding the Delivery Month in question or, if the tenth (10th) calendar day is not a Trading Day, then the Trading Day immediately preceding that tenth (10th) calendar day. The Exchange may, at its sole discretion, suspend the listing of additional Contract Months if it deems such suspension to be necessary or desirable in connection with the operation of a fair, orderly and transparent market.

LAST TRADING DAY. (a) Subject to subparagraph (c), trading in a Contract Month shall cease at the end of the designated settlement period on the third Business Day prior to the twenty-fifth calendar day of the month preceding the delivery month for such expiring Contract. If the twenty-fifth calendar day of the month is a Non-Business Day, trading shall cease at the end of the designated settlement period on the third Business Day prior to the last Business Day preceding the twenty-fifth calendar day. (b) Subject to subparagraph (c), trading in a group of Contract months grouped as a Quarter Contract / Calendar Year Contract shall cease at the close of trading on the Last Trading Day of the first contract month comprised in such Quarter Contract / Calendar Year Contract, or any other day determined by the Exchange at its sole discretion. (c) If at any time dealings on the Exchange in the Permian WTL Contract are suspended on any Trading Day, whether as a result of a decision of the Exchange under the Regulations or for any other reason, the Exchange may amend the provisions relating to the Last Trading Day accordingly.

LAST TRADING DAY. The term “Last Trading Day” shall mean the last day on which the stock of a Non-Public Peer Group Company (as defined in subparagraph (p)(ii) below) is publicly traded.