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Specialist's Book

Specialist's Book Definition

A chronological record maintained by a specialist that includes his inventory of securities and market orders that other stock exchange members have placed with the specialist. The orders, among them orders to sell short, Limit Orders and Stop Orders are listed in chronological sequence. After the specialist successfully placed the order, he notifies the member broker who entered the request, and collects a commission.

RELATED TERMS
Specialist
Specialist System
RELATED CATEGORIES
Active Trading
Stocks







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