LTP

LTP stands for Last Traded Price. Last traded price is the price at which the seller and the buyer agreed to trade or exchange ownership of a particular security. The exchanges display these prices for every registered security. This is different from the bid-ask price of securities quoted by the trader, which is known as the market price. Depending on the liquidity of a security, the last traded price could have occurred at any point of time, ranging from less than a second to a minute, or may be even an hour ago.

For stocks which get heavily traded at the close, the LTP may or may not be a true indicator of close, because a few moments pass before the orders are processed in all these heavily traded stocks and their last trade price during the closing period is determined. Depending on the exchange or quote service, these trades may be posted anywhere from 30 seconds to 30 minutes after the closing bell. Trading also takes place during the ‘after-trading hours’ which ultimately decides the price of the security at the end of the day. This price traded at the end of the day is different from the LTP of the day for a security.