Limit Order Information System - LOIS


DEFINITION of 'Limit Order Information System - LOIS'

An electronic system used by specialists in the stock market. A limit order information system lists price and size quotes for exchange-listed securities. The data produced by this system is used by subscribers and specialists to locate the most opportunistic market for making a trade because the service distributes information about where a security is traded, order quantities, and bid and offer prices.

BREAKING DOWN 'Limit Order Information System - LOIS'

This system is used to locate the best securities prices available and produces information about securities traded on participating exchanges like the Nasdaq and NYSE. A limit order is an order to buy or sell a stock at a specific price, and includes information such as order quantities, bid price, offer and the exchange on which the security is listed. Limit orders help protect buyers or sellers of a stock from selling at a price that is higher or lower than desired.

  1. Limit Order

    An order placed with a brokerage to buy or sell a set number ...
  2. Nasdaq

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  3. American Code For Information Interchange ...

    A type of code for data transmission. The ASCII translates all ...
  4. Specialist

    A member of an exchange who acts as the market maker to facilitate ...
  5. New York Stock Exchange - NYSE

    A stock exchange based in New York City, which is considered ...
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    An electronic system that attempts to eliminate the role of a ...
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