Business, Legal & Accounting Glossary
An at the opening order is a way for an investor to secure a position at the opening of a trading session. A trader can place a market at the opening order or a limit at the opening order. A market at the opening order is an order to buy or sell a specific number of shares at the best price available at the opening of the market session, regardless of what that price might be. A limit at the opening order specifies the price that the investor will accept. If the specified price is not available, then the limit at the opening order is cancelled. An at the opening order is often employed if an investor anticipates a large price movement during the session and wishes to get in early.
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This glossary post was last updated: 4th February, 2020 | 3 Views.