Limit Order Information System - LOIS

AAA

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Limit Order

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

    A global electronic marketplace for buying and selling securities, ...
  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 ...
  6. Electronic Communication Network ...

    An electronic system that attempts to eliminate the role of a ...
Related Articles
  1. The Basics Of The Bid-Ask Spread
    Investing Basics

    The Basics Of The Bid-Ask Spread

  2. Tips For Controlling Investment Losses
    Active Trading Fundamentals

    Tips For Controlling Investment Losses

  3. Understanding Order Execution
    Investing Basics

    Understanding Order Execution

  4. A Look At Exit Strategies
    Active Trading Fundamentals

    A Look At Exit Strategies

comments powered by Disqus
Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  3. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  4. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
  5. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  6. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
Trading Center