market on open price

[mickmak]

All,

This maybe a repeated question. So apologies ahead.

Let's say the pre-market bid/offer for a particular equity is at 34.5 and 34.58. What is the best way to buy or sell into the MOO price? Is there a broker that can give you that price?

The algo I am looking at is to get in at the MOO price (either side). I understand the market maker matching algorithms and some of the pre-market activities. I am curious which broker or what method you would suggest to use to get hold of the MOO price of a stock.

Thanks

 

[Occam]

Check out the exchange-specific details on this -- I think there are some subtle differences amongst them. And this is just unsolicited advice, but I would always use a limit (LOO) rather than market.

 

[1245]

Quote from mickmak:

All,

This maybe a repeated question. So apologies ahead.

Let's say the pre-market bid/offer for a particular equity is at 34.5 and 34.58. What is the best way to buy or sell into the MOO price? Is there a broker that can give you that price?

The algo I am looking at is to get in at the MOO price (either side). I understand the market maker matching algorithms and some of the pre-market activities. I am curious which broker or what method you would suggest to use to get hold of the MOO price of a stock.

Thanks

Route your order to the Primary exchange for the open or close and you'll receive the proper price. So if it's a stock like AAPL, go to NASDAQ and a stock listed on the NYSE like IBM go to NYSE. If your using smart routes or algos, you have to ask them where those orders are routed to protect yourself.