Limit Order Book

Filed Under » Brokers

	Definition of 'Limit Order Book' A record of unexecuted limit orders maintained by the specialist.
	Investopedia explains 'Limit Order Book' The specialist has the responsibility to guarantee that the top priority order is executed before other orders in the book, and before other orders at an equal or worse price held or submitted by other traders on the floor (floor brokers, market makers, etc).

Video Definition

Limit Order

An order placed with a brokerage to buy or sell a set number of shares at a specified price or better. Limit orders also allow an investor to limit the length of time an order can be ...
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Market Order

An order that an investor makes through a broker or brokerage service to buy or sell an investment immediately at the best available current price. A market order is the default option ...
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Order

The instruction, by a customer to a brokerage, for the purchase or sale of a security with specific conditions.
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- Specialist
  
  A member of an exchange who acts as the market maker to facilitate the trading of a given stock. The specialist holds an inventory of the stock, posts the bid and ask prices, manages ...
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- Stop Order
  
  An order to buy or sell a security when its price surpasses a particular point, thus ensuring a greater probability of achieving a predetermined entry or exit price, limiting the ...
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- Buy Limit Order
  
  An order to purchase a security at or below a specified price. A buy limit order allows traders and investors to specify the price that they are willing to pay for a security, such as a ...
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- Deck
  
  The number of open orders that a broker is working with at any one time. A broker with a large deck must efficiently find buyers and sellers for securities or risk the orders not being ...
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The Basics Of Trading A Stock

Taking control of your portfolio means knowing what orders to use when buying or selling stocks.
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Understanding Order Execution

Find out the various ways in which a broker can fill an order, which can affect costs.
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Tips For Investors In Volatile Markets

Find out what to look out for when trading during market instability.
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- Direct Access Trading Systems
  
  DATs can dramatically speed up order execution - find out how this system gives novice traders an edge.
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- The Stop-Loss Order - Make Sure You Use It
  
  It's a simple but powerful tool to help you implement your stock-investment strategy. Find out how.
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