What is it in finance?
The imaging book is a tool used in many different market exchanges. The main features of the book are to be done with timely recording data on ordering. Data of this type are usually arranged using several different criteria, including the type of order, prices associated with the order, the number of participating units and the time the order is placed. Specialists who use access to the book often maintain books about every security they trade.
One of the most famous examples of the imaging book is used on the New York Stock Exchange. Usually referred to as the NYSE Display book, the items created in the record make it easier to monitor the current status of waiting orders, and also identify when these orders are completed. This approach allows the flow of order through the replacement to be managed with higher efficiency. The applications are made in parallel with the data source via a consolidupásek that offers real -time market information.
More exchanges around the world also use the imaging book as a tool for recording and tracking for stock market activity. In recent years, there has been a greater dispersion of how the data was organized in books. Since new methods of maintaining records have been created, it is necessary to standardize data layout. Although there is still some difference in how the information is recorded in the books associated with the exchange, the formats are usually sufficiently similar to allow the parties to find the necessary information quickly.
Before the arrival of computer technology, the process of maintenance book was a completely manual process. Each specialist associated with business activities would take advantage of a simple notebook that was filled with pages organized in columns. Regaring commands, including date and time, type and quantity, were entered as quickly as possible in columns. This has created a situation whereSeveral codes or assistants were required to keep up with a constant influx of orders and make sure they were carried out in time.
Today, electronic books are the norm, which allows experts to quickly move from one page of the book to another. There are software packages that can allow an expert to send items from one screen rather than turn on different screens to enter different transactions. This made it much easier to keep up with market activity and also be able to generate graphs and graphs that capture data in terms of business activity over a specified period of time.