Limit On Open - LOO
Orders with the "LOO" parameter will be satisfied for the "Open" Price for the given trading day limited at the lowest by the price shown in the order window as the "Limit Price".
LOO allows an order with a limit price equal to the opening price on the trading day to be completed.
Example of use:
This order is best to use in situations where the investor is convinced that the opening price is the best price available on the given trading day. The order can be settled up to the entered Limit Price (if the entered Limit Price is lower than the opening price the order will not be settled).
The order must be placed at the latest by 15:28 (CET). If the order cannot be settled due to the low Limit Price the order will be cancelled. Order validity is always the given trading day (current open of the market). Information about transaction settlement is available 45 minutes after the market closes.
Placing an order:
In the buy/sell window, select "Limit on Open" in the "Additional parameters" section.
