At the Open’ is a type of stock market order to buy or sell a particular stock as soon as the markets open. This is to be done by brokers on the investor’s behalf. A client gives the brokerage or broker instructions to buy or sell a specific security as soon as the trading day starts. In case the order does not go through at the market opening, it will be canceled.
Features of ‘At the open’ order
Key keatures of ‘At the open’ order are:
1. It is an order type requested or instructed upon by the client to the broker
2. It can be based on the client’s own assessment or based on news
3. Generally, if the closing price has some bearing on the next day’s opening price, an ‘at the open’ order is placed
