Making-up price
 | This article includes a list of references, related reading, or external links, but its sources remain unclear because it lacks inline citations. (March 2021) |
 | This article relies largely or entirely on a single source. (June 2024) |
A making-up price, in the London and other British Stock Exchanges, is the price at which speculative bargains are carried over from one account to the next. The carrying over of a "bull" position in Eries, for example, implies a sale for cash and a simultaneous repurchase for the new account, both bargains being done at the making-up price. This is fixed at noon on carry-over day, in accordance with the market price then current. The term is also used in New York City, where the making-up prices are fixed at the end of a day's business, in accordance with the American system of daily settlements.
References
[edit]This article incorporates text from a publication now in the public domain: Chisholm, Hugh, ed. (1911). "Making-up Price". Encyclopædia Britannica. Vol. 17 (11th ed.). Cambridge University Press. p. 452.
 | This legal term article is a stub. You can help Wikipedia by expanding it. |