Balal Khan, CMO of zkex.com, shares with us the definition of CLOB, central limit order book system.
To watch the full episode, go here:
Club refers to Central limit order book there’s two kinds of software one software is uh an a book based order books are the classic way of how people trade for the last number of decades in trifi the traditional financial industry an order book basically is just a list
Of orders from people some people want to buy and some people want to sell so you can think of it a little bit like an auction when the software essentially order book matches buyers or sellers uh you can see in the screenshot there’s these red on the right hand side
You can see these red prices and these green prices and you have a price in the middle so this is where you have the buyers and the sellers we call them makers and takers in our order book essentially the B system is the classic way of how you know humans have traded
For years and the order book is a way to create a Marketplace to have fairness in in the marketplace to where you have atis