CLOB


Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia.

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 ?
Competition between orders is weaker, more cumbersome, and requires more costly oversight to achieve than would be the case with a CLOB, but stronger and more efficient than would be the case in the absence of intermarket linkages.
We believe the establishment of a transparent CLOB gives our customers greater choice and helps provide a fair and competitive environment.
When asked who should own and operate a CLOB, if adopted, nearly 59 percent of respondents chose a major market center such as an exchange or Nasdaq.
When from 'ouse to 'ouse you're 'unting you must always work in pairs--It 'alves the gain, but safer you will find--For a single man gets bottled on them twisty-wisty stairs An' a woman comes and clobs 'im from be'ind.
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.