a book in which customers' orders are entered; usually makes multiple copies of the order
A facility for holding limit orders and trading order book securities.
This refers to the listing of investors who have subscribed for IPO shares. IPO's can be oversubscribed when demand for the IPO is strong.
Stockbrokers enter firm prices at which they are willing to buy and sell on a computerised order book accessed via retail service providers, and orders are matched and executed electronically using SETS. This negates the need for market maker involvement and is known as an order-driven system. (see SETS)
A term used for the SETS system employed in London. Orders to buy and sell are allowed to collect on an order book where they can match and execute against one another
When the underwriter refers to how well orders are building for an IPO or a secondary deal, he means the book or listing of buy orders from investors. The book for a deal can be many times oversubscribed. In fact, an oversubscribed deal is desired by both underwriters and investors, because it means that there will be an initial pop in the stock when it begins trading and subsequent aftermarket orders.
Introduced on 20 October 1997. FTSE 100 stocks are traded on an electronic order book (inside the SEAQ quote system). When bid and offer prices match, new incoming orders are automatically against orders on the book.
The collection of stocks whose prices are determined via the SETS order book rather than being quote-driven. Only around 100 stocks are currently included in the SETS order book but there are plans to extend this in due course to the main 250 stocks.
listing of buy orders from investors that are accumulating for an IPO; can be substantially oversubscribed