Limit Order Book

[archived_user]

There is a limit order book, but is there a stop order book? I can’t find any info about this so I’m pretty sure there isn’t, but the next logical question is why not?

 

[archived_user]

I cannot find evidence of such a beast.
No idea why not.

 

[archived_user]

I guess the brokers see this info but don’t share it. Could be wrong.

 

[archived_user]

It’s because stop orders aren’t sent to the matching engine. Only after they’re converted to a limit or market order, would they get reflected in the orderbook.

 

[archived_user]

Ah, that makes sense! Thanks!