If trading gets crazy the last few minutes of trading, who sets the closing price?

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StaffAnswer answered a question in General Market.
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StaffAnswer answered 2 years ago …

The settlement committee.

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Dragonsbane answered a question in General Market.
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Dragonsbane answered 2 years ago …

On the NYSE it's the specialist that groups together a number of orders for the closing print and on the NASDAQ it's just the last print through before 4:00pm.

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