Market-on-open order (MOO) - Financial definition
Financial acronyms
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Concise definition of the term market-on-open order
Market order which bears the condition to be executed at the opening price determined during the opening of the trading session.
Comprehensive definition of the term market-on-open order
On most markets, market-on-open orders which have not been executed during opening are converted to limit orders with the opening price as the limit price.