Traders can enter time-specific trade orders in the form of opening or closing orders, which are only to be executed as close to the opening or closing price as possible.
Market-on-open orders are looking to buy or sell immediately after the market opens, at the opening price. Market-on-open orders are instructions for a broker or floor trader (even though we don’t see those much anymore these days) to buy or sell shares at opening price of the stock being traded.
There are other, similar orders, such as limit-on-open orders, which seek to trade just above/below (depending on whether we’re buying or selling) the market price. The opening (and closing) prices are named by the exchange and are settled at one time and at one price for all opening or closing orders. This maintains an orderly market.
Market-on-open orders are guaranteed to get the opening price, since the exchange will name one price to execute the opening orders in one block. Limit-on-open orders, and other variations, are only intended to get the best price possible, but do not have a guarantee besides the limit.
What is a Market-on-Close order?
What is a Market-With-Protection order?
Gains on stock investments will be taxable in the current year unless they can be offset with losses
SEP IRAs are subject to the same withdrawal rules as Traditional IRAs
Par rate is the fair market value of a loan for a person with certain risk characteristics, from a lending institution
Open interest, or OI, can be a very important number for futures, options, and other derivative markets. Open Interest is technically more like the number of outstanding shares
The most frequently used types of off-balance-sheet-financing are joint ventures, R&D partnerships, and operating leases
The Accounting Cycle includes all collected documents and all controls and systems in place to ensure accurate accounting
Accounts Payable are the short-term expenses and debts that a company must pay out in the near future
The primary difference between a preferred stock and a common stock is that preferred stockholders have a greater...
Articles that list “great value” buys should be food for thought, but may not put food on your table
Yes, you can pay more than nominal value for a bond. And this is part of what’s called the interest rate risk of bonds