NY open book

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Sky123987

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?
 
Quote from Sky123987:

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?
More...

The specialist or a floor broker may post "reserve liquidity" orders into NYSE Display Book. Take a look at:

http://www.nyse.com/pdfs/hm_booklet.pdf
 
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.
 
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