Queues @ beginning of trading day

Hi there - real newbie question - how are prices are calculated at the opening of trading when there are buyers lined up at over-inflated Buy prices and sellers queued up with prices that are clearly low (such as in Rio or AOE today)?

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Originally Posted by Novitiate

Hi there - real newbie question - how are prices are calculated at the opening of trading when there are buyers lined up at over-inflated Buy prices and sellers queued up with prices that are clearly low (such as in Rio or AOE today)?

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What is showing on your screen at present is not what will be showing when the market opens, there is a match up process, & many of the anomalies you see will be withdrawn.

Those who place "market value" bids largely cause this for two reasons:

1. The buyers want to jump to the front of the que (perhaps in anticipation of news?), & are happy to pay more.

2. Buyers with low ball bids trying to trigger stop losses

The same applies in reverse for sell orders!