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Wide Open

What does it mean?
The situation at the opening of a trading day when there is a wide spread between the bid and ask prices for a security.

In Other Words...
This situation can arise because market makers and market participants have yet to submit their bid and ask prices to the market, leaving very few (uncompetitive) orders to appear as the lowest ask and highest bid price.

Related Links
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Related Terms
Ask | Bid | Bid-Ask Spread | Market Maker | Open | Open Bell

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