End of Day (EOD)
End of Day (EOD) covers an Operations glossary entry, profiled by proprietarytrading.com.
End of day (EOD) marks the close of the regular trading session and is used as the calculation moment for many prop-firm rules.
End of day (EOD) marks the close of the regular trading session. Many prop-firm rules reference EOD: trailing drawdown calculation, daily loss limit checks (when not real-time), profit accrual snapshots, and risk-system resets.
The exact EOD time depends on the asset class and exchange. Futures session close (4:00 PM Central Time for most CME products), forex day close (5:00 PM Eastern Time historically), and equity market close (4:00 PM Eastern) all differ. Firms operating across asset classes typically use the asset''s native session close.
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