sell the book

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Sell the book

Used for listed equity securities. Order to a broker by the holder of a large quantity of shares of a security to sell all that can be absorbed at the current bid price. The term derives from the specialist's book - the record of all the buy and sell orders members have placed in the stock one handles. In this scenario, the buyers potentially include those in the specialist's book, the specialist for its own account, and broker-dealers.

Sell the Book

An order to a broker to sell as much of a position as possible at the current, market price. That is, one sells the book when one wishes to close the position on the stated security. The term refers to the specialist's book on an exchange.

sell the book

A customer order to a broker to sell as much of a security as possible at the current bid. Purchases also may be made by a specialist or other interested broker-dealers. The phrase derives from the book of existing orders that a specialist keeps.
References in periodicals archive ?
12 ( ANI ): The Tehreek-i-Taliban Pakistan has reportedly warned that those who are found selling the book titled 'I am Malala', authored by Malala Yousufzai, who was shot by the Taliban, will face serious consequences.
According to The Daily Telegraph, Tesco has said that it was not selling the book until Monday.
In response to WH Smith's actions an e-mail was sent out to all retailers by the book's Penguin imprint publisher, Michael Joseph, advising them to begin selling the book immediately.
com, which was selling the book at a reduced rate, hosted more than 700 personal reviews from online consumers.
But they were all beaten by Kwik Save, which is selling the book for 4.
Meanwhile, Tesco confirmed it would be selling the book in-store for 7.
com are selling the book for 40 percent off the list price of $29.
Then in April 2010 I started selling used books that friends, their friends and some lovely people in Dubai had given to me and the money raised from selling the books helped me buy more items for the packs.
I had a nightmare dream - from selling the books hand-over-fist to not selling any.