passing the book

Pass the Book

In a brokerage, to transfer orders from one office to another office. Passing the book enables a brokerage to continue trading when one exchange closes by simply going to an office that operates on an exchange that is still open. Ideally, this will enable trading 24 hours per day.

passing the book

Used to refer to the transfer of information on a firm's trading position from one office to another. For example, a New York brokerage firm may pass the book at the end of the trading day to an office in Los Angeles or Tokyo.
Mentioned in ?
References in periodicals archive ?
PASSING THE BOOK Steve McClaren has Derby playing attractive, attacking football and (inset) Jordan Ibe and Johnny Russell celebrate a goal against Watford
Mark Thompson, representing First Care (Smethwick) Ltd, accused Miss Simister of passing the book and reminded her that she had admitted, in evidence, that she would not have allowed a member of her family to be left in such appalling conditions.
The author has created a unique program for passing the book along to others becomes an evangelistic tool for the reader and challenges the seeker to find the "Secret of Yahweh.
When McDonnell told this group about the non-reader phenomenon through his MySpace site, he received several replies regarding the older readers passing the book on to children and grandchildren whose reading was limited to the Internet.
Fully integrated global order management system -- Automatic order execution -- Internal order crossing (automated spread capture) -- Flexibility passing the book -- Data mining capabilities
STPlatform's OrderTools[TM] component represents the only FX order management solution combining: APIs for full integration with an institution's existing technology infrastructure; AutoFill[TM] for automatic order execution without human intervention; data mining capabilities for analysis of customer/market behavior and trends; and flexibly passing the book and routing orders from clients in multiple centers.
APIs, for full integration with an institution's existing technology infrastructure -- AutoFill(TM), for automatic order execution without human intervention -- Data mining capabilities, for analysis of customer/market behavior and trends -- Flexibility passing the book and routing orders from clients in multiple centers
He is passing the books baton to Manson, but we aren't done with him yet.
At 4pm the Lord Mayor will be passing the books of condolence for Michael Causer to Michael's parents.