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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
302:Mertens, J.F. (2003). "The limit-price mechanism".
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648:Multilateral trading facility
316:10.1016/S0304-4068(03)00015-6
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1071:Returns-based style analysis
867:Post-modern portfolio theory
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729:Capital asset pricing model
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706:Arbitrage pricing theory
985:Initial public offering
846:Modern portfolio theory
741:Dividend discount model
624:List of stock exchanges
873:Random walk hypothesis
242:exchange around 2011.
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1011:Market capitalization
820:Dollar cost averaging
226:Visual representation
215:Jean-François Mertens
209:Multi-specialist book
153:In securities trading
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831:Fundamental analysis
815:Contrarian investing
778:Security market line
683:Liquidity aggregator
660:Direct market access
571:Quantitative analyst
43:improve this article
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537:Inter-dealer broker
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32:This article
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1056:Public float
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1026:Market trend
1016:Market depth
836:Growth stock
810:Buy and hold
719:(Cap-to-GDP)
559:Floor trader
549:Market maker
532:Floor broker
520:Participants
463:Golden share
458:Common stock
434:Third market
363:. Retrieved
361:(in Chinese)
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338:. Retrieved
336:. 2023-03-14
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283:Market depth
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175:Crossed book
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166:Price levels
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58:"Order book"
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41:Please help
36:verification
33:
1141:Uptick rule
1121:Stock split
1101:Squeeze-out
1096:Speculation
1041:Open outcry
930:Block trade
862:Pairs trade
1171:Categories
1146:Volatility
1126:Stock swap
1046:Order book
797:strategies
723:Book value
591:Arbitrager
586:Speculator
365:2024-08-05
340:2024-08-05
289:References
271:e-commerce
262:analysis.
246:Other uses
200:Book depth
131:order book
99:April 2012
69:newspapers
762:Fed model
757:EV/EBITDA
672:Dark pool
603:Regulator
448:Types of
414:Types of
160:dark pool
1091:Slippage
1051:Position
1036:Momentum
940:Dividend
619:Exchange
576:Investor
277:See also
980:Haircut
784:T-model
596:Scalper
416:markets
83:scholar
1001:Margin
869:(PMPT)
731:(CAPM)
581:Hedger
554:Trader
527:Broker
450:stocks
334:Medium
256:margin
252:orders
135:orders
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1156:Yield
1131:Trade
1066:Rally
987:(IPO)
875:(RMH)
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827:(EMH)
780:(SML)
769:(NAV)
743:(DDM)
737:(CML)
708:(APT)
701:Alpha
668:(STP)
662:(DMA)
656:(ECN)
650:(MTF)
644:(ATS)
359:ćŻçšĺ¸čľčŽŻ
240:MtGox
90:JSTOR
76:books
991:Long
795:and
725:(BV)
712:Beta
258:and
62:news
312:doi
273:).
236:API
129:An
45:by
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