Derivatives

Illiquid Options Versus Standardized Options

May 27, 2022
Exchanges

Lit Order

May 27, 2022

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An order that is displayed in an exchange’s system and hence is visible to all market participants for their action. The order’s details can be seen and considered by other market counterparts. A displayed (or lit) order book trading takes place in an exchange’s main order books.

It is also known as a lit order (but not to be confused with a LIT order– an abbreviation for limit-if-touched order).

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