An order to execute a buy or sell within the last 30 seconds of the trading day. There is no guarantee that the execution price will be the closing price or that the order will be executed at all. An order to execute a buy or sell at the opening price. If the order can not be executed at the opening, it will be automatically canceled. Unlike conventional auctions with one auctioneer and many buyers, here there are many buyers and sellers.
Brokers competitively bid for the most advantageous price.
The examination assures that the corporation is conforming to the normal and generally accepted practices of accountancy. When brokers want to trade large blocks of securities, they will utilize this electronic system to alert other brokers. This amount is set at the time of incorporation and is part of the Articles of Incorporation. A corporation provides for future increases in authorized stock by the votes of stockholders. The corporation does not have to issue all the authorized shares.