LIMIT ORDER INFORMATION SYSTEM
\lˈɪmɪt ˈɔːdəɹ ˌɪnfəmˈe͡ɪʃən sˈɪstəm], \lˈɪmɪt ˈɔːdəɹ ˌɪnfəmˈeɪʃən sˈɪstəm], \l_ˈɪ_m_ɪ_t ˈɔː_d_ə_ɹ ˌɪ_n_f_ə_m_ˈeɪ_ʃ_ə_n s_ˈɪ_s_t_ə_m]\
Definitions of LIMIT ORDER INFORMATION SYSTEM
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an electronic system that stores and displays information on limit orders and feeds the data to the specialist display book. Orders that are entered as good, until cancelled, remain in the system until filled or cancelled; all other orders are deleted from the system at the close of the trading session.
By Henry Campbell Black