Sell the book
Used for listed equity securities. Order to a broker by the holder of a large quantity of shares of a security to sell all that can be absorbed at the current bid price. The term derives from the specialist's book -- the record of all the buy and sell orders members have placed in the stock one handles. In this scenario, the buyers potentially include those in the specialists book , the specialist for his own account, and the broker-dealer crowd. | ||||
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