Nasdaq Launches Opening Cross

EXCHANGE WATCH

The Nasdaq electronic stock market received approval from the Securities and Exchange Commission last week for the launch of its Opening Cross auction, which is scheduled for today, Monday, Sept. 27.

Opening Cross is an electronic auction designed to determine a single price for a security at the Nasdaq market open. The system analyzes where supply and demand meet by realizing pent-up buy and sell interest in stocks from order flow after the previous market close. It then distributes that in

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