OPG executions

Discussion in 'Order Execution' started by ManhattanTrader, Feb 12, 2003.

  1. hello,


    I remember reading somewhere on a thread that someone was able to get filled on an OPG order entered seconds after the NYSE open print. please correct me if I am wrong.


    tnx
     
  2. if the stock has already opened you will get a "U R OUT" message and your trade will not be executed. You could enter a normal NX order to get the stock after the open though.
     
  3. By definition, the "OPG" order is "opening only" - meaning the opening print. There are only two times during the day that there is a single price of a stock on the NYSE, the open and the close (MOC, or "Market on Close" orders).

    You can, however, place on OPG order after the overall market has opened, but your specific stock has not. Perhaps that is wha you are thinking about.

    Don
     
  4. true...I've placed opg orders after the market has opened and been filled on them because the specialist delayed the opening print of his stock.
     
  5. You can also do it when a stock has been halted during the day and is about to resume trading.
     
  6. I would think that person means that he got the same price as the opening print a few seconds after the opening print. That happens a lot.
     
  7. You can also do it when a stock has been halted during the day and is about to resume trading.
     
  8. yes I think that's what the person most likely meant. how would you route/mark your order in order to increase your likelihood of being filled as close as possible to the opening print?

    tnx to all those who responded
     
  9. nitro

    nitro

    Really?

    Didn't know that! makes perfect sense though...Thx.

    nitro