That move to a secondary matching engine used the order book as it appeared at 11:11 a.m. – but this meant new orders and changes in orders that came in later did not show up in the opening price.
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Peter Mehit is co-founder and Managing Partner of Custom Business Planning and Solutions, a business consulting firm that provides problem solving, planning and process help. He has worked from private equity to the Fortune 100 at all stages.
He can be reached at pmehit@wbpllc.com or at 800-741-8444.
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