sell the book

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 ?
A spokeswoman said more than 450 stores would be open to sell the book at 12.
So, for example, if you're writing a romance novel about black couples, it might work in your favor to sell the book to Dafina, an imprint of Kensington that publishes the bestsellers of romance novelist Mary B.
Q: Many authors sell the book, then say, ``I hated the movie.
According to Gudmund Hamrelius, who owns five bookshops in Malmo, the Danish distributor wants the booksellers to sign an agreement to sell the books at the same prices as in Denmark, which would be against the European Union's free price agreement.
Many of the people who sell the books are drug addicts desperate for cash.
We thought we'd sell the books, but not this much in a three-week period.