Limit Order Book

What Does Limit Order Book Mean?
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).

Filed Under: Brokers

Related Terms

Limit Order
Market Order
Order
Specialist
Stop Order
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The Basics Of Order Entry - Taking control of your portfolio means knowing what orders to use when buying or selling stocks.
Understanding Order Execution - Find out the various ways in which a broker can fill an order, which can affect costs.
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