"How much would a generically smart liberal arts graduate know about this subject within 2 weeks of hearing it existed?" successfully predicts about 98% of articles. (One can trivially cite the 2%, but they're not labeled "This is the one today which isn't mostly winging it.")https://twitter.com/greenwoodae/status/1099832077577379840 …
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No worries. An order book is the data structure holding the current offers to buy and sell a particular security at particular prices. You now know more about market microstructure than a disturbing fraction of the financial press; use these dark magicks wisely.
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(In case anyone was wondering: none of them in the first, and very possibly none in the latter. Everything is intermediated by your broker, who can (gross over simplification ahead) do whatever the hell they want with your order as long as they hit NBBO)
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I was thinking that the broker's matching would count as a book for the retail investor, wouldn't it?
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If a friend tells me they want to buy a share of Google for X$ my brain becomes theoretically an order book, after all someone could then tell me they want to sell a share of Google for X$ and I could match make.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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