Super Display Book (SDBK)

Definition

Super Display Book (SDBK) is an electronic system used by the New York Stock Exchange (NYSE) to facilitate the execution of trades. It allows traders to input orders directly and ensures efficient order matching and transaction processing.

5 Must Know Facts For Your Next Test

1. SDBK is designed to handle large volumes of trade orders with high efficiency.
2. It integrates with the NYSE trading floor's operations, providing a seamless trading experience.
3. The system offers real-time order status updates, enhancing transparency for traders.
4. SDBK supports multiple types of orders including market, limit, and stop orders.
5. It plays a crucial role in maintaining market liquidity by ensuring timely execution of buy and sell orders.

Review Questions

• What primary function does the Super Display Book serve in the NYSE?
• How does SDBK contribute to market liquidity?
• What types of orders can be processed through the Super Display Book?

Related terms

Efficient Market Hypothesis (EMH): Theory suggesting that asset prices fully reflect all available information at any time.

Limit Order: An order to buy or sell a stock at a specific price or better.

Market Liquidity: The extent to which a market allows assets to be bought and sold at stable prices.