February 2003
Beginner
208 pages
4h 55m
English
Content preview from Understanding the Markets
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Different markets have different trading processes. The New York
Stock Exchange (NYSE) has a trading floor where all the transac-
tions take place. There are twenty trading posts manned by a
specialist and specialist clerks. Orders are given direct to the specialist
(SuperDot system) or to brokers via telephone or the Broker Booth
Support System (BBSS) and all trading takes place around these
trading posts. The NYSE is a highly effective combination of face-to-
face dealing and technology.
Understanding the Markets86
Example
Limit order
Buy orders Sell orders
5 000 870 3 400 871
3 000 870 2 600 871
2 000 869 12 000 872
4 000 869 8 000 872
Limit Order is submitted ...
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