What order book means?
The term order book refers to an electronic list of buy and sell orders for a specific security or financial instrument organized by price level. An order book lists the number of shares being bid on or offered at each price point, or market depth.
What is total in order book?
Total: The total order quantity accumulated from the best bid (ask) price to this price level. For example, the total quantity corresponding to the second-best ask price of $9,263.5 is 1,684,065.
What is order book level 1?
Level 1 Quotes This is the bid and ask where the highest bid and the lowest ask available are advertised to you on your screen. The difference between the bid and ask is called the bid-ask spread. This is the limit to order book data in level 1.
What is order book level 2?
Level II is essentially the order book for Nasdaq stocks. When orders are placed, they are placed through many different market makers and other market participants. Level II will show you a ranked list of the best bid and ask prices from each of these participants, giving you detailed insight into the price action.
What is an order book example?
Order Book – Uses The order is being bought or sold according to the current market price. Another example is when a trader employs limit order strategies. In such a case, traders can set a certain price level at which they want to buy and sell the security.
What is Dom in Tradingview?
Depth of Market, aka the Order Book, is a window that shows how many open buy and sell orders there are at different prices for a security. Let’s say the current price is $1, the DOM will show how many orders there are at $0.90, $1.10, etc.
What is orderbook in Binance?
The order book is a list of the currently open buy and sell orders for an asset, organized by price. The image above is a snapshot of the order book of the BTC/USDT pair on Binance Futures. The orders color-coded in green show buy orders at specific price levels, while the orders in red show sell orders.
What is order book in Wazirx?
XID order book gives more power to high-volume P2P traders and increases their chances of finding and matching with large traders faster! It’s helpful for anyone looking to buy or sell large USDT volumes in less number of trades.
What is book in Binance?
The order book is a list of the currently open buy and sell orders for an asset, organized by price. The image above is a snapshot of the order book of the BTC/USDT pair on Binance Futures. The order matching system is the core of all electronic exchanges and determines the efficiency and robustness of the exchange.