Stock Price Formulation

How are the 8 best offer/bid quotes indicated?

Update : Jan. 04, 2010

Answer :

As mentioned in 'What kind of market information is available to investors?', TSE provides details of the 8 best bid and offer quotes, which allows investors to assess what orders are most appropriate.

• What kind of market information is available to investors?

The table below shows that, looking at the 8 best offer/bid quote information, an investor placing a market buy order of 1,000 shares can expect an immediate execution at 501 yen.
Likewise, an investor placing a sell order for 1,000 shares at a limit price of 498 yen can expect execution of 600 shares at 500 yen and 400 shares at 499 yen.

Order book				8 offer/bid quotes
Offer	Price	Bid		Offer	Price	Bid
---	---
200	509
100	508			100	508
300	507			300	507
200	506			200	506
300	505			300	505
200	504			200	504
300	503			300	503
800	502			800	502
2,000	501			2,000	501
	500	600			500	600
	499	800			499	800
	498	600			498	600
	497	300			497	300
	496	200			496	200
	495	100			495	100
	494	200			494	200
	493	100			493	100
	492	400
	---	---