What does LOB mean in ACCOUNTING

A Limit Order Book (LOB) is a listing of all the limit orders investors and traders have placed in a given security. They are broadcast by exchanges and provide data about bids and asks for each security, along with other important information such as the size of the order, time of day, and price. This data can be used to make informed trading decisions.

The purpose of an LOB is to provide transparency between buyers and sellers for a given security. By showing what orders have been submitted to buy or sell at different prices, it allows market participants to see who else may be interested or willing to transact at different levels.

An LOB provides data regarding bids and asks for a particular security, including the size of each order, when it was placed, and at what price. It also provides other information such as support/resistance levels, spread movements, liquidity conditions and duration of standing orders.

Yes - An LOB shows real-time transactions, meaning that any trades that take place in the market are immediately visible on an LOB when they occur. This allows investors to quickly adjust their strategies based on new developments in real time.

Prices on an LOB are shown as "buy" or "sell" because these represent what buyers are willing to purchase a security for (bid) versus what sellers are willing to offer it at (ask). By showing this information publicly it gives traders insights into what kind of levels market participants may be looking at when making their trades.

Yes - An advantage for using an LOB is that it can give competitive advantage by providing insight into where market trends may be heading before other investors know about them. This can help traders make more educated decisions when entering or exiting positions.

Generally speaking you should check your limit order book regularly throughout the trading day in order to ensure you stay up-to-date on any changes that occur with market demand or pricing. However how often you check your limit order book will depend on your individual trading style.

You can typically tell if your trade has gone through by looking at your account statement - which will show any successful trades made with details such as date/time of transaction and quantity/price executed per trade. Additionally you can check your limit order book itself as well which would show all open orders currently being traded within the exchange.

Exchange fees vary depending upon which venue you choose but generally there is some form of fee associated with actively trading via transmission over electronic networks such as ECNs (electronic communications networks) or through direct execution over traditional exchanges like NYSE.

"Yes - this is possible depending on whether the exchange allows cancellation during certain times or not (i.e., pre-market session usually does not allow these cancellations). Depending upon your broker's policies they may also allow you to manually cancel any open orders before they get filled."