Trading & investing
Order book
A real-time list of available buy and sell orders for an asset, organised by price level.
An order book is a real-time list of available buy and sell orders for an asset in the market, organised by price level. It can help investors understand supply, demand, pricing, and available volume as part of general market-data analysis.
Approved short definition: A real-time list of available buy and sell orders for an asset, organised by price level. Example: In market-data education, an order book can help show where buyers and sellers may be active at different price levels. Do not use: Do not use order book to explain a customer’s personal orders, portfolio, trade history, or eToro execution process unless specifically discussing market-data education. Aliases / search terms: orderbook; market book; depth of book; quote data; bid and ask levels; buy and sell orders; market data; Level II data Related terms: Market depth; Top of book; Bid/ask spread; Spread; Liquidity; Buy price; Sell price; Execution price; Market conditions; Order
Also known as: orderbook, market book, depth of book, quote data, bid and ask levels, buy and sell orders, market data, Level II data