After the Opening Rotation

What this video covers

• How unexecuted orders, quotes, and remaining portions enter the book in time sequence after the opening rotation
• Why unexecuted at-the-open orders are cancelled instead of carried forward to the book
• The two cancellation scopes available during a forced opening, market orders only or all orders
• The three differences in the reopening process after a declared trading halt
• Why queuing begins immediately at the halt while the opening rotation waits for the decision to resume trading
• When an exchange may delay, compel, or otherwise modify the standard process to protect a fair and orderly market, plus its documentation and review duties
• How LULD timing determines whether market orders are cancelled or rejected, or whether market and limit orders continue through the rotation