Public Book (Of Orders)

AAA

DEFINITION of '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.

INVESTOPEDIA EXPLAINS 'Public Book (Of Orders)'

The public book is considered closed and is only accessible to the order book official or specialist. The book's keeper is the only person who knows the details of the public orders, such as what price or quantity has been entered. However, market makers are allowed access to the highest bid and lowest offer to facilitate trading.

RELATED TERMS
  1. Depth of Market (DOM)

    A measure of the number of open buy and sell orders for a security ...
  2. Chicago Board Options Exchange ...

    Founded in 1973, the CBOE is an exchange that focuses on options ...
  3. Market Maker

    A broker-dealer firm that accepts the risk of holding a certain ...
  4. Order

    An investor's instructions to a broker or brokerage firm to purchase ...
  5. Specialist

    A member of an exchange who acts as the market maker to facilitate ...
  6. Order Book Official

    A trading floor participant responsible for maintaining a list ...
Related Articles
  1. Principal Trading and Agency Trading
    Investing Basics

    Principal Trading and Agency Trading

  2. Understanding Order Execution
    Investing Basics

    Understanding Order Execution

  3. The Basics Of Trading A Stock
    Active Trading Fundamentals

    The Basics Of Trading A Stock

  4. The Stop-Loss Order - Make Sure You ...
    Active Trading Fundamentals

    The Stop-Loss Order - Make Sure You ...

comments powered by Disqus
Hot Definitions
  1. Last In, First Out - LIFO

    An asset-management and valuation method that assumes that assets produced or acquired last are the ones that are used, sold ...
  2. Ghosting

    An illegal practice whereby two or more market makers collectively attempt to influence and change the price of a stock. ...
  3. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  4. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  5. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  6. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
Trading Center