FTB-C000074 / Market data field

Last Traded Price

Last traded price is the price of the most recent trade that qualifies under a stated source and eligibility policy.

Also known aslast pricelast sale price

Foundation 2 linked topicsPublished

Definitions

In plain terms

A screen's last price usually comes from a trade, but which trades count can depend on sale conditions, corrections, venue, and session.

Technical

The field requires instrument, currency, event ordering, eligibility rules, correction handling, and a cutoff; otherwise different systems can produce different last values.

Scope

It is not automatically the official close, fair value, or current executable price.

Examples

  • A governed dataset records last traded price explicitly and preserves the source context needed to interpret it.

Common misconceptions

  • Last Traded Price does not have one universal meaning or policy without its declared source, scope, and data contract.

Concept relationships

Prerequisites

Contrasts with

Required by

Where this concept is used

Tutorials planned

These catalogued topics use this concept, but their complete build has not shipped yet.

  • D01-F01-A04 Important
  • D01-F02-A01 Important

Evidence and governance

  1. Daily TAQ Client Specification New York Stock Exchange / Intercontinental Exchange · official exchange

    Supports: preferred label, short definition, technical definition

    Limits: Product-specific and licensed; it does not create universal eligibility, repair, imputation, tolerance, or aggregation rules.

  2. Fintech Builder Glossary Definition Contract The Fintech Builder · internal governed contract

    Supports: variant distinction

    Limits: Defines governed platform behavior rather than claiming these policies are universally prescribed by external McClellan methodology.

Reviewed by
Last reviewed
2026-07-26
Next review
2027-07-26
Record status
published
Written by

Fintech engineer building market-data and financial systems, and the author of every article, glossary record, and reference implementation on The Fintech Builder.