What's new

backdated trades

Thread starter #1
my friend just got a job and he said one of his duties is doing some sort of analysis on backdated trades.

what exactly are they ? apparently they're trades made after month end but they're "backdated " so they fall under the previous month (if I heard him correctly ...the trade settles and processes in say September 5 but the trade date is backed to August 30 )

what is the purpose of this ?
 
Top