Trade at Settlement

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Trade at Settlement, or TAS, is a type of order execution for futures contracts that allows a market participant to express prices in relations to the daily settlement price of the underlying contract.

TAS allows a market participant to enter an order to buy or sell an eligible futures contract during the trading session at a price equal to the settlement price for that contract, or at a price above or below it.[1]


References

  1. Trade at Settlement - TAS. CME Group.