CLOB


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Central Limit Order Book

A proposed database for all limit orders received by specialists and market makers throughout the United States. Such a system would allow limit orders to be fulfilled immediately or later, depending on the nature of the order, on any American exchange. The SEC proposed the establishment of CLOB, but it never occurred because most exchanges believe that such as a database would cause them to lose trading volume.

CLOB

References in periodicals archive ?
Existing intermarket linkages fail to replicate a true CLOB in other ways as well.
A second consequence of the ITS was that only price priority mattered; the specialist could match the better price offered elsewhere and still retain the order, an outcome not consistent with the price-time priority of a CLOB.
The product supports Oracle's internationalization features, including Unicode, returning multiple result sets in PL/SQL, and extended data types including BLOBs and CLOBs.
Other enhancements for DB2 include improved performance and easier installation and setup, support for distributed transactions, full support for BLOBs and CLOBS, and a new DB2 Package Manager that 01lows users to create DB2 packages before using the driver.