I illiquid Feb 12, 2008 #1 What determines the first trade after a listed stock is halted? If there are GTC limit orders that will be filled due to gapping price, who gets the fill on the other side? The lowest/highest ask/bid?
What determines the first trade after a listed stock is halted? If there are GTC limit orders that will be filled due to gapping price, who gets the fill on the other side? The lowest/highest ask/bid?
W Warrior4g Feb 12, 2008 #2 where ever the stock opens. i put in a sell on the NYSE for a stock at 22.50 and the stock opened at 24. i was filled at 24.
where ever the stock opens. i put in a sell on the NYSE for a stock at 22.50 and the stock opened at 24. i was filled at 24.
B black diamond Feb 13, 2008 #3 see if the answer is in here. I think these guys reconstructed the limit order books during halts or something like that. https://www.business.utah.edu/humis/docs/person_1167_1198074566.pdf
see if the answer is in here. I think these guys reconstructed the limit order books during halts or something like that. https://www.business.utah.edu/humis/docs/person_1167_1198074566.pdf
I illiquid Feb 13, 2008 #4 Thanks for the link, will look into it later. But maybe I can rephrase the question: during a listed halt, how can u guarantee first (or near first) execution when the stock re-opens?
Thanks for the link, will look into it later. But maybe I can rephrase the question: during a listed halt, how can u guarantee first (or near first) execution when the stock re-opens?
