---
title: "Why does the Last traded price(LTP) for F&O contracts change in the Arrow position page before the market opens?"
description: "Your F&O contract prices change to settlement prices before the market opens. This happens when iRage receives the BHAVCOPY from NSE, typically between…"
category: arrow
subcategory: general
slug: why-does-the-last-traded-price-ltp-for-f-o-contracts-change-in-the-arrow-positio
canonical: https://support.arrow.trade/arrow/general/why-does-the-last-traded-price-ltp-for-f-o-contracts-change-in-the-arrow-positio/
---

# Why does the Last traded price(LTP) for F&O contracts change in the Arrow position page before the market opens?

> Your F&O contract prices change to settlement prices before the market opens. This happens when iRage receives the BHAVCOPY from NSE, typically between…

## Short answer

Your F&O contract prices change to settlement prices before the market opens. This happens when iRage receives the BHAVCOPY from NSE, typically between 6:30 AM and 7:00 AM the following day.

## Price types explained

LTP (Last Traded Price): The most recent actual transaction price for your contract.

Closing price: Weighted average of prices during the final 30 minutes of trading on NSE.

Settlement price: For liquid contracts, this equals the closing price. For illiquid contracts with no trades in the last 30 minutes, NSE calculates a theoretical price.

You see the settlement price on your position page before market opens because it's used for margin calculations and mark-to-market adjustments.

## Related

- Browse more in [general](/arrow/general/)
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- Support: [support@arrow.trade](mailto:support@arrow.trade)

---

Source: https://support.arrow.trade/arrow/general/why-does-the-last-traded-price-ltp-for-f-o-contracts-change-in-the-arrow-positio/
Publisher: Arrow / iRage Broking Services LLP