Order Book Official

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Order Book Official

The exchange employee in charge of keeping a book of public limit orders on exchanges utilizing the "marker-maker" system, as opposed to the "specialist system", of executing orders. See also Market-Marker and Specialist.

Order Book Official

On an exchange, an employee responsible for managing the order book, which is the list of orders that have not yet been executed. Order book officials only exist on exchanges that have market makers, as opposed to specialists.