Marketplace State
| State | Orders accepted | Executions | Notes |
|---|---|---|---|
| Closed | No | No | Marketplace is closed. |
| Pre-Open | Limit Orders only | No | Market data and order book feeds are live. Crossing Limit Orders are allowed (no execution risk); Market Orders are rejected. Allows systems and algos to warm up and uncross the book before trading begins. |
| Open | Yes | Yes | Normal trading. Orders are matched and executed. |
| Halted | No | No | OpenYield has suspended trading. All resting orders are canceled and removed from the book. Expected to be temporary. |