Call rule Rare closing price principle (call rule)
On commodity exchanges, the rule that the official bid price for immediately deliverable goods (actuals, cash commodities) is established at the level that emerges at the end of the exchange as a result of the interaction of supply and demand. This price is then valid until the opening of a new exchange session (exchange regulation under which an official bid price for a cash commodity is established at the close of each day’s trading; it holds until the next opening of the exchange). – See Actuals, exchange, call, commodity fund, commodity futures contract, sentiment, substitutability, securities exchange.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
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