market on open order

Definition

A buy or sell order in which the broker is to execute the order at the market's opening. It does not guarantee the trade will be executed at the listed opening price, but the trade will be executed within a range of prices, or not at all.

Use this term in a sentence

You should try to find a way to make sure that you are getting the most out of any market on open order.

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The market on open order was a really cool thing for us and I hoped that the broker would be able to work well.

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The market on open order was communicated to the broker as we had expected the transaction to be completed today.

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market on close order market opening