Pass the book

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Pass the book

The process of transferring responsibility for a brokerage firm's trading account from one office to another around the world in order to benefit from trading 24 hours a day.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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When he finishes reading the book-within-a-book, Alex, now in line to board his flight, passes the book on to the "green-eyed goddess." As the real book ends, we realize that she too will be swept up in its core message: "Don't just be content to exist." Discovery is dynamic and creative.