Nasdaq Opening Cross Explained: 4 a.m. to 9:30
How the Nasdaq opening cross sets the 9:30 a.m. open: the 4:00 a.m. to 9:30 timeline, MOO, LOO and OIO cutoffs, the NOII feed, and how the price is picked.
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How the Nasdaq opening cross sets the 9:30 a.m. open: the 4:00 a.m. to 9:30 timeline, MOO, LOO and OIO cutoffs, the NOII feed, and how the price is picked.
How the Nasdaq closing cross works: MOC and LOC cutoffs, imbalance-only orders, the NOII feed from 3:50 p.m., and one real 4:00:00 print read off the tape.