Why does the Last traded price(LTP) for F&O contracts change in the CubePlus position page before the market opens?
The Last Traded Price (LTP) on the CubePlus position page transitions to the settlement price before the market opens. This adjustment is made as TradeJini updates the settlement price instead of LTP upon receiving the BHAVCOPY from NSE. Typically, this update occurs between 6:30 AM and 7:00 AM the following day.
It’s essential to understand that the LTP (Last Traded Price) represents the most recent actual transaction price. On the other hand, the closing price on the NSE (National Stock Exchange) is derived by calculating the weighted average of prices during the final 30 minutes of trading. In cases of liquid contracts, the closing price aligns with the settlement price. However, for illiquid contracts without trades in the last 30 minutes, the exchange provides a theoretical settlement price. This theoretical settlement price is displayed on the CubePlus position page instead of the LTP.