Stock Price Formulation

How are the 8 best offer/bid quotes indicated?

Update : Jan. 04, 2010

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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.

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      
  --- ---      

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