Display Book

DEFINITION of 'Display Book'

A detailed tracking tool used on market exchanges that displays, records and executes market order data based on order type, price, time and quantity for a specific security. Specialists on an exchange will have their own display books for each security they trade.

BREAKING DOWN 'Display Book'

The most famous display book is the NYSE Display Book, which is used by the specialists on the exchange to execute orders and manage order flow. It is useful for keeping track of the market activity in a specific security. In addition, data is posted continuously to the consolidated tape. In the past, the display book was simply a notebook kept by each specialist; however, due the advent of computer technology, the display book is now kept in electronic format.

RELATED TERMS
  1. Security

    A financial instrument that represents an ownership position ...
  2. Limit Order

    An order placed with a brokerage to buy or sell a set number ...
  3. Specialist Firm

    The firms that hire the specialists to represent companies listed ...
  4. Specialist

    A member of an exchange who acts as the market maker to facilitate ...
  5. Conditional Order

    A type of order that will be submitted or canceled if set criteria ...
  6. New York Stock Exchange - NYSE

    A stock exchange based in New York City, which is considered ...
Related Articles
  1. Options & Futures

    The NYSE And Nasdaq: How They Work

    Learn some of the important differences in the way these exchanges operate and the securities that trade on them.
  2. Saving and Spending

    All That Glitters Does Not Belong in an IRA

    Gold can be an attractive investment given its meteoric rise. But those wanting it within their IRA must look at some of the hurdles facing the investment.
  3. Investing Basics

    How To Outperform Warren Buffett Using Market Simulators (BABA, MSFT)

    That moment when you realize you just booked $108 million dollars in less than an hour: it puts butterflies in your stomach.
  4. Mutual Funds & ETFs

    Finding the Right Mutual Fund Screener

    Learn about which filters should appear in a good mutual fund screener, and discover which factors are less important in finding an appropriate fund.
  5. Investing Basics

    7 Popular Software Programs for Portfolio Managers

    For retail investors and money managers, portfolio management software makes life easier. Here are synopses of seven popular programs.
  6. Trading Systems & Software

    Use Price Action Trading Strategy for Results

    Bored by the fixed rules of technical and fundamental analysis? Price action trading allows you to customize your own trading strategy.
  7. Trading Systems & Software

    How to Code Your Own Algo Trading Robot

    Ever wanted to become an algorithmic trader with the ability to code your own trading robot?
  8. Trading Systems & Software

    New Alternatives to High-Frequency Trading

    As high-frequency trading declines, traders are exploring new alternatives like automated news-based trading or social media feed-based trading.
  9. Active Trading

    The Right Way To Set Up Your Trading Screens

    Well-organized trading screens sum up intraday market action, breaking it into digestible bites that can speed up complex decision making.
  10. Trading Systems & Software

    How New Traders Can Downplay Costs

    Concentrate on learning to play the game well in your first year as a trader, avoiding high information costs.
RELATED FAQS
  1. Who employs the specialists at New York Stock Exchange (NYSE)? Do they work for themselves, ...

    Before we address this question, let's review what specialists do. Specialists are people on the trading floor of an exchange, ... Read Full Answer >>
  2. What's the difference between a Nasdaq market maker and a NYSE specialist?

    What's the main difference between a specialist and a market maker? Not much. Both the New York Stock Exchange (NYSE) specialist ... Read Full Answer >>
  3. What happens if a software glitch fails to execute the strike price I set?

    If you've ever suffered the frustrating experience of having an order not filled or had a strike price fail to execute because ... Read Full Answer >>
  4. What is the difference between business intelligence and competitive intelligence?

    Competitive intelligence is the act of understanding a company's industry and industry rivals so the company can make better ... Read Full Answer >>
  5. Should I attempt to trade futures myself using software, or is this better left in ...

    The question of whether to do your own futures trading or opt for a managed account that a professional trades on your behalf ... Read Full Answer >>
  6. How do I place a limit order online?

    Nearly all trading orders can be placed online through a trading platform usually provided by a broker. A limit order is ... Read Full Answer >>
Hot Definitions
  1. Liquidation Margin

    Liquidation margin refers to the value of all of the equity positions in a margin account. If an investor or trader holds ...
  2. Black Swan

    An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult ...
  3. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  4. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
  5. Presidential Election Cycle (Theory)

    A theory developed by Yale Hirsch that states that U.S. stock markets are weakest in the year following the election of a ...
Trading Center