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Investments glossary

Limit Order Book


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Quotes of the day:

a good tooth, gets no gold

— Severin Meiland

A limit order book is a record of outstanding limit orders maintained by the security specialist who works at the exchange. A limit order is a type of order to buy or sell a security at a specific price or better. A buy limit order is an order to buy at a preset price or lower while a sell limit order is an order to sell a security at a pre-specified price or higher.


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