If a limit order is not quite close to the current market price is turned over to the specialist, it is placed into:

Question

Quizplus · Accepted Answer

If a limit order is not close to the current market price, it is considered an "away" order and is sent to the exchange's central limit order book for matching with other "away" orders. The specialist only handles orders that are closer to the current market price. Therefore, option A, the central limit order book, is the correct answer.

If a Limit Order Is Not Quite Close to the Current