china minmetals confirms $1.7 bln offer to bu, page-21

Hi Marco,

In simple terms, you can place a sell or buy order before trading begins.

if you are happy to take the opening buy or sell price....which is determined by sell orders v buy orders....as long as your buy in price is higher then the opening price or your sell price is lower then the opening price you will be matched out and given the opening price.

Its done mainly buy sellers who want to sell out on open, buyers who want to buy on open or if you think the opening price will be the high or low of the day.

There are a myriad of other reasons and techinical ways to determine the opening price but this is a simple way to understand.



cheers