Limit Order Book

Limit Order Book

A record of unexecuted limit orders maintained by the specialist.

Notes:

The specialist has the responsibility to guarantee that the top priority order is executed before other orders in the book, and before other orders at an equal or worse price held or submitted by other traders on the floor (floor brokers, market makers, etc).

See also: Limit Order, Market Order, Order, Specialist, Stop Order

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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.