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Open

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
Open
1. An un-executed order that is still valid.

2. The start of trading on a securities exchange.

Notes:
1. Orders entered by investors, but not yet transacted are deemed to be open until they expire or are filled.

2. Different exchanges will have different opening times. For instance, the NYSE and the Nasdaq open at 9:30 EST, whereas the AMEX opens at 9:00 EST for options on debt securities.

Open
Used in the context of general equities. Having either buy or sell interest at the indicated price level and side of a preceding trade. "Open on the buy/sell side" means looking for buyers/sellers (for someone who is a seller/buyer). Antithesis of clean.
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