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.  These are the two main types of trades that investors will encounter: principal and agent transactions.
    Investing Basics

    Principal Trading and Agency Trading

  2. Investing Basics

    Understanding Order Execution

  3. Active Trading Fundamentals

    The Basics Of Trading A Stock

  4. Active Trading Fundamentals

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

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center