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Limit Order Book
(redirected from Limit Order Books)

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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.


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Knight has the power to commit capital for market orders and also maintains one of the largest limit order books in the OTC market.
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Dark books are limit order books or trading networks that do not publish a quote in the open market.
 
 
 
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