The pre- opening phase is the only time that bids and offers may overlap.At all other times such overlapping orders would be executed.

Question

Quizplus · Accepted Answer

During the pre-opening phase, bids and offers may overlap but they will not be executed. This is to allow market participants to adjust their orders and prepare for the opening of the market. Once the market opens, any overlapping orders will be executed immediately.

The Pre- Opening Phase Is the Only Time That Bids