So why is stock exchanges like nyse or nasdaq using open and close auctions for open and closing price? Why not just use previous day's closing price as today's open price and start trading from there? and what's the problem of using today's last trade's price as closing price? thanks
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See this question and its answers. – Bob Baerker Nov 28 '21 at 13:35
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Is there a typo in the title? – Flux Nov 29 '21 at 07:39