call rule

Definition of "call rule"
  1. A regulation on an exchange that sets a formal bidding price for a cash commodity at the end of each trading day, effective until the next trading day begins
How to use "call rule" in a sentence
  1. The flower and fruit wholesalers use the call rule to establish prices at the end of each trading day.
  2. The call rule is used by the livestock exchange to set official bid prices after the day's trading ends.
  3. At the end of the day, the metals market uses the call rule to determine the next day's starting bid prices.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z