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Open \ First price of the trading period
Used in the context of general equities. Having either buy or sell interest at the indicated price level and side of a preceding trade. Open on the buy/sell side, means open to customer buyers/sellers, not that he/she wants to buy/sell but rather that he wants to find buyers/sellers (meaning that he/she is a seller/buyer). Antithesis of clean.
1. An un-executed order that is still valid.