NY open book

Discussion in 'Stocks' started by Sky123987, Nov 23, 2007.

  1. I'm watching a tutorial on the new brokerage company I joined, Genesis Securities. Right now I"m trying to get the NYOB to work by watching the tutorials. Here is what is said.

    "Keep in mind that this is not a complete book as it completely depends on how much the specialist wants to display"

    - i never knew that... so if there's a big order and he doesn't feel like displaying it, he doesn't have to?
  2. The specialist or a floor broker may post "reserve liquidity" orders into NYSE Display Book. Take a look at:

  3. They show what they want to show you.

    If you understand that principle fully you will get an edge when others see noise or an impossible to trade market.