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Abnormally wide spread between the bid and asked prices of a security at the opening of a trading session.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
An unusually large bid-ask spread on a security at the open of an exchange. A wide opening is most common when specialists and/or market makers have not yet submitted their first bids and asks, which are usually the most competitive offers.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A large spread between the bid and ask for a security at the opening of a session's trading.
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.