Hi Yuki and Bob, It appears to me that NASDAQ's Opening Cross works in similar manner as Tokyo. Of course, Tokyo has the infamous Stop-High and Stop-Low, which halt trading altogether, but that's a different story here, since we are discussing how opening prices are determined.
I like NASDAQ and Tokyo's approach to determing the opening prices than that of NYSE and AMEX. Grabbing some crazy opening price as a result of major limit and market orders (NASDAQ and Tokyo) is different from grabbing crazy prices as a result of some market maker making stupid calls (NYSE and AMEX). NASDAQ is especially cool since it's all computer-based and there is no market maker's intervention. intermilan04 --- In amibroker@yahoogroups.com, Yuki Taga <[EMAIL PROTECTED]> wrote: > > Hi Bob, > > Tuesday, August 22, 2006, 1:27:43 PM, you wrote: > > BJ> ....and how can you pontificate that the exchange doesn't matter? > > It matters. In Tokyo, if you have a market order in prior to the > open, you will get a one-price fill at the price that will be printed > as the open in every data service and every newspaper. I don't care > if you are buying or selling a million shares. They will all get > done at one price, and that price will be the same as anyone else > buying or selling at market gets. It's called the open, here. > > But everywhere else is not Tokyo of course, and no one should forget > that this is a rather international board. > > Yuki > Please note that this group is for discussion between users only. To get support from AmiBroker please send an e-mail directly to SUPPORT {at} amibroker.com For other support material please check also: http://www.amibroker.com/support.html Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/amibroker/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/