Last price
Definition · Level 0 · Market basics
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Price of the most recent trade (the print). It can be stale: the live bid and offer, not this number, show where you can deal right now.
Example
After hours: 52.00 printed, but the quote is 51.20 × 52.40.
Where Tradecraft teaches it
Level 0 · Market basics, in the lesson “Reading the quote”: Bid, offer, spread, size and depth, and what they tell you about the real cost of trading.
Related terms
- ADVAverage daily volume: the typical number of shares traded per day over a lookback window (often 20 or 30 days), the yardstick for how big an order…
- Bid / offerThe highest price a buyer is currently showing, and the lowest price a seller is asking (also called the ask).
- Bid-ask spreadAsk minus bid: the price of immediacy. Crossing it costs half of it versus mid each way, and a round trip costs all of it.
- Level 2Depth of book: several price levels on each side with the size at each, often by venue or participant, versus top-of-book data that shows only the…
- LiquidityHow easily size can be bought or sold quickly without moving the price: tight spreads, deep books and heavy trading mean plenty; wide spreads and…
- Market impactThe adverse price move your own order causes as it consumes liquidity — pushing up what you buy, down what you sell; it grows with order size…