Business, Legal & Accounting Glossary
A delayed opening is the intentional postponement of the opening of trading in a specific security. A delayed opening is a relatively rare event and is only triggered by extraordinary circumstances. Major news about a company (positive or negative) which causes a significant imbalance between buy and sell orders prior to the open of trade is the primary cause of a delayed opening. The main purpose of a delayed opening is to allow the specialist a chance to match the unbalanced influx of buy and sell orders. In most cases, a delayed opening only lasts for a short time, but a delayed opening can last as long as circumstances dictate. Similar to a delayed opening is suspended trading, during which trading is stopped in a security because of extraordinary news.
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This glossary post was last updated: 7th February, 2020