Could you elaborate on what IO stands for in the context of the stock market? Is it a specific term used by traders or analysts? Does it relate to a certain investment strategy or financial instrument? I'm curious to understand the significance and relevance of IO in this field, and how it might impact investors' decisions.
Similarly, imbalance only closing orders are utilized during the closing cross to balance out any remaining order imbalance, facilitating a seamless market closure.
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MysticRainbowThu Sep 26 2024
Imbalance Only (IO) orders represent a unique type of limit orders that serve a crucial role in maintaining liquidity during the Nasdaq stock exchange's opening and closing rotations.
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SsamziegangSerenadeThu Sep 26 2024
These orders are specifically designed to counterbalance any order imbalance that may arise during these critical market events.