What is it in finance?

The public book is a complete list of orders placed by the public for purchase or selling securities. The name is a bit misleading because the book itself is actually closed. The "public" is a reference to the fact that it contains public orders, not to the public availability of content. Some stock exchanges can use another terminology to refer to a public book. For example, in Chicago Board of Options Exchange (CBE) is a public book known as the official book of orders. Limiting orders are orders with strict parameters; Entering the order limit allows someone to determine the maximum purchase price and the minimum selling price for the security. These limits prevent people from losing. However, they can also make it difficult to fill in the order. If someone is asking too much or offers too little, the order may remain unoccupied until the market or investor disagrees with the change in limits to facilitate the agreement.

This statement is maintained by a specialist or employee known as the officeOrder book Edník - must not be confused with an alternative name for a public book used in CBoe. When members of the public present orders, the specialist records the size of the order and specification. This information is used to fill in orders and as soon as it is filled in, the order is taken from the public book.

market creators who make it easier to fill in orders have access to the highest offers and the lowest prices of applications in the public book. This allows them to have information they can use to close shops, combine people who want to buy securities with people who want to sell them and vice versa. However, details such as order size and the number of orders in the public book are closed and only available to the employee who maintains the book.

at any moment, the public book provides information about currently unoccupied orders. When the market moves briskly, they can orderVKY quickly move through the book, because people quickly find buyers and seller. On a slow market, orders can sit in a book while a specialist works to find a customer. The creator of the market can play a key role in this process by combining and selling orders and facilitating shops to move the market.