Risk glossary

 

Central limit order book (Clob)

A central limit order book is an exchange-style execution method common in the equity world that matches all bids and offers according to price and time priority. It allows all users to trade with each other, instead of being intermediated by a dealer. Users can also see bid orders and sizes in real time.

US swap execution facility rules encourage the use of Clobs for trading of liquid derivatives contracts, but take-up has so far been slow.

Click here for articles on central limit order books.

  • LinkedIn  
  • Save this article
  • Print this page  

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: