“Last trade” in the context of financial trading refers to the most recent price at which a security (such as a stock, bond, or futures contract) was bought or sold. It provides a snapshot of the latest market activity for a specific asset.
The last trade price is important because it’s the most up-to-date valuation of an asset until the next trade occurs. It helps set the reference point for the next trading prices and provides an indication of the market sentiment towards the asset’s value.
However, it’s worth noting that the last traded price might not always reflect the true intrinsic value of a security. It only reflects the value at which the most recent buyer and seller agreed upon, and the next trade could be executed at a higher or lower price based on supply and demand in the market.