Also found in: Dictionary.
Postponement of the start of trading in a stock until correction of a gross imbalance in buy and sell orders. Such an imbalance is likely to follow on the heels of a significant event such as a takeover offer. See: Suspended trading.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A situation in which security does not open for trade by an exchange's management or by regulators. The opening on a security is delayed usually in order to discourage volatility. It happens especially when there is an exceptionally large number of buy or sell orders relative to their opposite. This may happen immediately following an announcement of good or bad news. Opening remains delayed until the imbalance is corrected. See also: Suspended Trading.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
An intentional delay in the opening transaction of a particular security. Generally, the delay occurs when unexpected developments before the opening make it difficult for the specialist to match buy and sell orders.
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.