Limit Order Book

An order book is the list of orders (manual or electronic) that a trading venue (in particular stock exchanges) uses to record the interest of buyers and sellers in a particular financial instrument. A matching engine uses the book to determine which orders can be fulfilled i.e. what trades can be made.
Posts about Limit Order Book
  • Bloomberg and UBS clash over Sef aggregation

    … during a panel discussion at the Sefcon event in New York as participants debated the lack of buy-side participation in central limit order books (Clobs), one of two trading modes that all Sefs are required to offer. A year after Sefs started operating officially, buy-side firms continue to overwhelmingly use the request-for-quote (RFQ) approach…

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