Trading & Market Structure
Order Book
Definition
What is Order Book?
A record of outstanding buy and sell orders arranged by price and often time priority.
Example in practice
How This Looks in Practice
The order book shows buyers at ₦20 and sellers at ₦20.20.
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Related Terms
Trading & Market Structure
Bid
The highest price a buyer is currently willing to pay for a security.
Trading & Market StructureAsk
The lowest price a seller is currently willing to accept for a security.
Trading & Market StructureBid-Ask Spread
The difference between the best available buying and selling prices.
Order TypesMarket Order
An instruction to buy or sell immediately at the best available prices.