Opening Automated Reporting Service(redirected from Opening Automated Reporting System)
Opening Automated Reporting Service
A computerized system on an exchange that allows specialists to detect order imbalances before the opening of the exchange. That is, OARS lets specialists know how many extra buy or sell orders exist for a given security. This helps in determining the opening price.
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Opening Automated Reporting Service (OARS)
A computerized system that determines imbalances between buy and sell orders for individual securities before the opening of the market. The Service is used by specialists to assist in fixing opening prices for the securities assigned to them.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.