Glossary

Spread

The gap between the bid and the ask. A cost paid on every trade made at the current market price.

Order book A thin order book with a wide spread of 0.70 between the best bid and the best ask. PRICE SHARES WAITING 10.80 10.45 10.20 BEST ASK 9.50 BEST BID 9.30 9.00 SPREAD 0.70

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