No book

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No book

Used for listed equity securities. Not much, if any, stock is being bid for or offered at the present time by customers or the specialist.

No Book

Describing a situation in which a security has such a low trading volume that few or no shares are being bid on or offered at a given time. This results from a general lack of interest in that security. The term comes from a reference to a market maker's or specialist's book in which he/she must list all securities being bid on or offered.