Order book for security market: 5 things to know
1.An order book is a list of buy/sell orders for any security or financial instrument.2.All order details, including price and quantity, are recorded in the order book.
3.The orders can be market orders, limit orders or stop-loss orders, which would be executed at the current market price or at a specific price.
4.An order book also records the status of an order which can be ‘requested’, ‘queued’, ‘ordered’, ‘executed’, ‘expired’, ‘cancelled’ or ‘rejected’.
5.The order book gets real-time updates, and when an order gets executed it enters the trade book.
Content on this page is courtesy Centre for Investment Education and Learning (CIEL).
Contributions by Girija Gadre, Arti Bhargava and Labdhi Mehta.
(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)
This story originally appeared on: Muscle & Fitness - Author:Faqs of Insurances
