I was reading a book on the stock market and basically on the NASDAQ the opening price is set by the dealers dealing on a particular issue. so for MCHP for example, the dealers designated by the exchange will open the stock at whatever price they deem most appropriate based on public demand and supply for orders in the order queue. Is this understanding correct and if it is, how are they able to 'see' the order queue since I assume it is all just computers not actual human beings. Let me know market gurus!
