Limit order book

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Limit order book

A record of unexecuted limit orders maintained by the specialist. These orders are treated equally with other orders in terms of priority of execution.

Limit Order Book

A list of all limit orders for a certain security that were placed by members of the public. The limit order book contains orders that have not yet been filled. The orders, however, are not public; only the book keeper has access to the details of most orders. Market makers and specialists have access only to the highest and lowest orders in order to facilitate trade.
References in periodicals archive ?
Designed to maximize access to liquidity and reduce limit fragmentation for all market participants, CreditLink supports request-for-quote and request-for-streaming trading using a centralized limit check (Ping model) and also gives FCMs and their clients the ability to distribute limits directly to specific trading venues or CCPs to minimize latency (Push model), which is important for buyside firms, executing brokers, interdealer brokers, market makers and exchanges using central limit order books.
Many financial markets now rely on electronic limit order books or other automated trading systems.
Using data on the limit order books and specialists' quotes, Goldstein and Kavajecz examine liquidity provision by limit order traders and floor members during these extreme market movements.
Dark books are limit order books or trading networks that do not publish a quote in the open market.
Hidden liquidity refers to orders that are not displayed or advertised, such as discretionary orders on the limit order books of exchanges or ECNs.
The US Treasury Cash and Futures Limit Order Books are presented side by side, allowing users to see the relationship and trading opportunities within the markets.
The result was that many ECNs entered the market and became the de facto limit order books for NASDAQ.
Knight has the power to commit capital for market orders and also maintains one of the largest limit order books in the OTC market.
The network supports real-time access to the central limit order books at 22 stock exchanges in 16 European securities markets, as well as cost-effective settlement management services.
This combined platform will support real-time access to the central limit order books at 22 stock exchanges in 16 European securities markets, as well as cost-effective settlement management services.
PowerNet integrates the limit order books of multiple ECNs into one central facility using vendor level data feeds, enabling dealers to see the market's true depth and directly enter orders, thereby bypassing more expensive traditional order delivery systems.