Who defines the opening price
Author: marchus
Creation Date: 12/5/2008 2:38 PM
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marchus

#1
Lets say i want to buy a stock at 100 dollars that is the endring price on friday close. So i place a buy limit order in the markde order on 100 dollar. The marked collapses i Europe monday morning. But i forget to move my limit order that is placed in the US marked.

Will i then buy the stock at 100 in the us open, ore is there any other mechanism that defines the opening price of thes tock so I could get the stock for etc 85, even if my limit is set at 100 ?
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sebastian04

#2
Marchus
at Interactive Brokers one can use a relative order
http://www.interactivebrokers.com/en/trading/orders/relative.php?ib_entity=uk

for this purpose. With this type of order you will start bidding lower than your limit price if the opening price is lower.

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Cone

#3
A limit order ensures that you get filled at the limit price or better. If the market opens lower (determined by bidders and sellers), you'll get filled on the "inside market".
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Cone

#4
A limit order ensures that you get filled at the limit price or better. If the market opens lower (determined by bidders and sellers), you'll get filled on the "inside market".