Order Book Official

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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.

BREAKING DOWN '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".

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RELATED FAQS
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    The primary risks associated with trading derivatives are market, counterparty, liquidity and interconnection risks. Derivatives ... Read Full Answer >>
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    The utilities sector exhibits a high degree of stability compared to the broader market. This makes it best-suited for buy-and-hold ... Read Full Answer >>
  4. What is the difference between derivatives and options?

    Options are one category of derivatives. Other types of derivatives include futures contracts, swaps and forward contracts. ... Read Full Answer >>
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