Public Book (of order)

Definition: [crh] The orders to buy or sell, entered by the public, that are generally away from the current market. The order book officiDefinition: al or specialist keeps the public book. Market-Makers on the CBOE can see the highest bid and lowest offer at any time. The specialist's book is closed (only he knows at what price and in what quantiDefinition: ty the nearest public orders are). See also Market-Maker and Specialist.

<< Go back