Series 26: Late Trading

Taken from our Series 26 Online Guide

Late Trading

Late trading is the practice of placing mutual fund orders after the fund has calculated its daily NAV. As noted earlier, investors who buy and sell shares of mutual funds receive the forward price, which is the NAV calculated at the end of the trading day. Typically, the NAV is calculated when markets close at 4:00 p.m. ET. If an order to buy or sell

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