- Central limit order book
A central limit order book (CLOB) was a centralised database of
limit order s proposed by theSecurities Exchange Commission . However, the concept was opposed bysecurities companies who were afraid that such a system will cause them to lose business. [cite news | url = http://www.thestreet.com/stocks/brokerages/904680.html | title = New Age Securities Firms to Testify Against Central Limit Order Book | publisher = TheStreet.com | author = Caroline Humer | date =21 March 2000 | accessdate = 2007-03-20] [cite news | url = http://www.thestreet.com/stocks/brokerages/945721.html | title = Firms and Exchanges to Swap Views on Markets' Future | publisher = TheStreet.com | author = Robert Kowalski | date =24 May 2000 | accessdate = 2007-03-20] [cite news | url = http://www.thestreet.com/stocks/brokerages/813821.html | title = Grasso Speech on Electronic Orders Highlights Industry Strife | publisher = TheStreet.com | author = Gregg Wirth | date =5 November 1999 | accessdate = 2007-03-20]References
Wikimedia Foundation. 2010.