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Order book |
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Order bookThe automated trading system introduced in 1997 for the largest companies quoted on the London Stock Exchange. Trades through SETS cut out the need for market makers which theoretically means a narrower bid-offer spread for investors. Smaller companies on the LSE continue to use the SEAQ 'quote' book system, and market makers play an important role in putting buyers and sellers together.Similar MatchesSell plus orderSell plus orderMarket or limit order to sell a stated amount of stock provided that the price to be obtained is not lower than the last sale if the last sale was a plus, or zero plus tick, and is not lower than the last sale plus the minimum fractional change in the stock if the last sale was a minimum or zero minimum tick. (In a limit order, sale cannot be lower than the limit, regardless of tick.) Pecking order view (of capital structure)Pecking order view (of capital structure)The argument that external financing transactions costs, especially those associated with the problem of adverse selection, create a dynamic environment in which firms have a preference, or pecking-order of preferred sources of financing, when all else is equal. Internally generated funds are the most preferred, followed by new debt, and debt-equity hybrids. Finally, new equity is at the least preferred source. Either or orderEither or orderUsed in the context of general equities. See: Alternative order. Order ticketOrder ticketA form detailing an order instruction that a customer gives an account executive. Do Not Reduce Order (DNR Order)Do Not Reduce Order (DNR Order)Limit order to buy or to sell, or a stop limit order to sell that is not to be reduced by the amount of an ordinary cash dividend on the ex-dividend date. A "do not reduce order" applies only to ordinary cash dividends, and not stock dividends or rights. Further SuggestionsNegotiable order of withdrawal (NOW)Held order On the opening order cancel former order Cease and desist order Qualified Domestic Relations Order (QDRO) Immediate or canceled order (IOC order) contingent order Sell limit order Good through or until date order Any part of order Time order Cross-border supply First order condition Market order go along or participating Roll order Economic order quantity (EOQ) Stop loss order Market Not Held Order Order splitting Presale order Matched orders Order Parameter Combination order Cross border bonds |
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