Buying opening print-pre-mkt

there's a method being used by some firms where the "trade opening orders". what you're loking for seems similar, however, I suspect that this doesn't work as advertised.
 
Jefftrader,


Do you use a "fair value" formula to determine your open order price, or do you base it off the tape?

Thanks
 
I guess the 50 cent rule would be in the NYSE rule book. This morning for example, Reuters news has a few opening indications (LU and GX). Our floor uses AT Financial, Istinet R&A, and Bloomberg for news, but I think you can Reuters from many different sources.

Im not real familiar with the fair value formula for opening prices. Basically, its just supply and demand!

Finally a green day today!
 
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