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answered HFT enhancements for FIX (Simple Binary Encoding) vs proprietary protocols performance and cost
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comment Why does the adjusted closing price take into account dividends?
@ThomasMcLeod The close is the closing price for any day before the ex-date. You can (and probably should) adjust all prices before the dividend by adding the dividend back. That will allow you to compute cumulative returns over a time period.
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