Order book: related pages

A trade that is made in order to limit the loss caused by an adverse price movement.

The highest price at which a buyer is willing to buy a particular security. The buyer may be a market maker or an ordinary investor.

The average of the bid and offer prices.

A trading system that operates by matching orders against market maker's quotes rather than against other orders.

The unit in which security prices move.

Immediate or cancel orders must be immediately executed or cancelled; partial filling is allowed.

An all or nothing order is either executed in full or not at all.

Fill or kill orders must either immediatly be completely executed, or cancelled.