Glossary

Market depth

How many shares or contracts are waiting to be traded at each price level. A deep market absorbs large orders with little price movement.

Order book A large market buy has taken out the two lowest ask levels of a deep order book. PRICE SHARES WAITING 100.04 100.03 FILLED 100.02 FILLED 100.00 BEST BID 99.99 99.98 SPREAD 0.02

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