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The highest bid and the lowest ask are referred to as the top of the book. They are interesting because they signal the prevalent market and the bid and ask price that would be needed to get an order fulfilled. The difference between the highest bid and the lowest ask is called the
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The book depth refers simply to the number of price levels available at a particular time in the book. Sometimes the book is represented to a fixed depth, and orders beyond that depth are ignored or rejected, and in other cases the book can contain unlimited levels.
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In securities trading, an order book contains the list of buy orders and the list of sell orders. For each entry it must keep among others, some means of identifying the party (even if this identification is obscured, as in a
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mechanism that works across specialists, where he can cross orders that are not only in terms of bid and offer for a given traded item, but bids and offer can be expressed as a linear function of other traded items.
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When several orders contain the same price, they are referred as a price level, meaning that if, say, a bid comes at that price level, all the sell orders on that price level could potentially fulfill that.
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The advent of retail trading software in the early 2000s enabled more complex charting options for what was previously numerical data. The first known mention of the orderbook
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In most practical applications, an order book contains bid and offer for one security, contract or good, with a specialist matching orders for the specific item. In his work,
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Order book depth chart on a currency exchange. The x-axis is the unit price, the y-axis is cumulative order depth. Bids (buyers) on the left, asks (sellers) on the right.
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The basic principle of the order book as used in financial securities, when used to gauge
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An order book might also refer to a business's list of open, unshipped, customer
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uses the book to determine which orders can be fully or partially executed.
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Financial tool for tracking orders by buyers and sellers
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884:Random walk hypothesis
253:exchange around 2011.
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1022:Market capitalization
831:Dollar cost averaging
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226:Jean-François Mertens
220:Multi-specialist book
164:In securities trading
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826:Contrarian investing
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694:Liquidity aggregator
671:Direct market access
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54:improve this article
18:Order book (trading)
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730:(Cap-to-GDP)
570:Floor trader
560:Market maker
543:Floor broker
531:Participants
474:Golden share
469:Common stock
445:Third market
374:. Retrieved
372:(in Chinese)
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349:. Retrieved
347:. 2023-03-14
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52:Please help
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1152:Uptick rule
1132:Stock split
1112:Squeeze-out
1107:Speculation
1052:Open outcry
941:Block trade
873:Pairs trade
1182:Categories
1157:Volatility
1137:Stock swap
1057:Order book
808:strategies
734:Book value
602:Arbitrager
597:Speculator
376:2024-08-05
351:2024-08-05
300:References
282:e-commerce
273:analysis.
257:Other uses
211:Book depth
142:order book
110:April 2012
80:newspapers
773:Fed model
768:EV/EBITDA
683:Dark pool
614:Regulator
459:Types of
425:Types of
171:dark pool
1102:Slippage
1062:Position
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951:Dividend
630:Exchange
587:Investor
288:See also
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795:T-model
607:Scalper
427:markets
94:scholar
1012:Margin
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565:Trader
538:Broker
461:stocks
345:Medium
267:margin
263:orders
146:orders
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1077:Rally
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754:(DDM)
748:(CML)
719:(APT)
712:Alpha
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673:(DMA)
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655:(ATS)
370:ćŻçšĺ¸čľčŽŻ
251:MtGox
101:JSTOR
87:books
1002:Long
806:and
736:(BV)
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284:).
247:API
140:An
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