Settlement price
The settlement price is the official end-of-session price used to mark positions, calculate margin and settle expiring contracts. Its official status is what makes moving it valuable.
Where does settlement price come up?
This term is used in the following manipulation techniques, each explained in full on its own page.
Enforcement actions involving these techniques
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEBI v. Aventis Biofeeds Private Limited and others (closing-session price ramp, Ruchi Soya, 2022) | SEBI (India) | 2022-04-29 | Marking The Close , Settlement Price Manipulation | — | judgment |
| CFTC v. Statoil ASA (price manipulation, 2017) | CFTC | 2017-11-14 | Price Manipulation , Settlement Price Manipulation | $4m | settled |
| CFTC v. Joseph F. Welsh III (price manipulation, 2015) | CFTC | 2015-06-19 | Price Manipulation , Settlement Price Manipulation | $500k | judgment |
| FCA v. Daniel James Plunkett (banging the close, 2014) | FCA | 2014-05-23 | Banging The Close | — | settled |
| CFTC v. Daniel Shak and SHK Management LLC (banging the close, 2013) | CFTC | 2013-11-25 | Banging The Close , Price Manipulation +1 | $400k | settled |