Order Book Official

Dictionary Says

Definition of 'Order Book Official'

A trading floor participant responsible for maintaining a list of public market or limit orders of a specific option class using the "market-marker" system of executing orders.
Investopedia Says

Investopedia explains 'Order Book Official'

The term can also sometimes be used in reference to a current list of public market or limit orders for a given exchange. For example, a list of specific public orders awaiting execution on the Chicago Board Options Exchange could be referred to as the "order book official".

Related Definitions

  • Chicago Board Options Exchange - CBOE

    Founded in 1973, the CBOE is an exchange that focuses on options contracts for individual equities, indexes and interest rates. The CBOE is the world's largest options market. It ...
    Read More »
  • Stock Option

    A privilege, sold by one party to another, that gives the buyer the right, but not the obligation, to buy (call) or sell (put) a stock at an agreed-upon price within a certain period or ...
    Read More »
  • Exchange-Traded Option

    An option traded on a regulated exchange where the terms of each option are standardized by the exchange. The contract is standardized so that underlying asset, quantity, expiration date ...
    Read More »
    • Flexible Exchange Option - FLEX

      An option, generally written by a clearing house, whose expiration date, strike price, and exercising style can be modified.
      Read More »
    • Market Maker

      A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security. Each market maker competes for ...
      Read More »
    • Blotter

      A record of trades and the details of the trades made over a period of time (usually one trading day). The details of a trade will include such things as the time, price, order size and ...
      Read More »
    • Public Book (Of Orders)

      A book containing all of the buy and sell orders for a specific security that are placed by the public. The public book is kept by an order book official or other market specialists.
      Read More »
    • Depth of Market

      A measure of the number of open buy and sell orders for a security or currency at different prices. The depth of market measure provides an indication of the liquidity and depth for that ...
      Read More »

Articles Of Interest

Partner Links