Full Form of EOD | EOD Full Form | Meaning of EOD | About EOD
Full Form of EOD is End of the Day: EOD stands for End of the Day. It points to the end of a trading day in monetary markets, the purpose in time once the trading ceases for the day. It’s conjointly called finish of business, shut of business and shut of play.
In some markets, EOD refers to some extent in time before the particular end of the trading day or business day. These couple of minutes before the particular finish of day are required to complete the routine tasks that are needed to swimmingly finish the trading or business day.
The EOD timings might vary from country to country like within the U.S EOD is 11:59 pm and within the U.K it’s 5:30 pm.
EOD is additionally employed by corporations to purpose to the end of the operating day once the workplace is closed for the day. It’s conjointly wont to confer with a point by that a task abundant be completed.
According to Wikipedia:
Full Form of EOD: End of day (EOD), end of business (EOB), close of business (COB), close of play (COP) or end of play (EOP) is the end of the trading day in financial markets, the point when trading ceases. In some markets it is actually defined as the point in time a few minutes prior to the actual cessation of trading, when the regular traders’ orders are no longer received. During this period, the market is performing what is called a “Run To Cash”, which is when the market is reconciling to its underlying cash market. EOB, COB and COP in the U.S. is usually at 5:00 pm but typically 5:30 pm in the United Kingdom while EOD is 23:59.