A limit order is an order away from the market price that is held in a ________ until it can be executed at the desired price.

Question

Quizplus · Accepted Answer

A limit order is held in a limit order book and is executed only when the market price reaches the specified limit price. The continuous order book is where all the orders are listed, including limit orders. The dealer book is where a dealer buys and sells securities at their own risk, rather than just facilitating trades between buyers and sellers. None of the options is incorrect.

A Limit Order Is an Order Away from the Market