On the opening order

On the opening order

A market order that is to be executed at the price of the first trade of the day.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

At the Opening Order

1. An order to buy or sell a security at the best price available when an exchange opens.

2. An order to buy or sell a security at its opening price when an exchange opens. If this price is not available, the order is canceled.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved