Quantitative Finance Stack Exchange is a question and answer site for finance professionals and academics. Join them; it only takes a minute:

Sign up
Here's how it works:
  1. Anybody can ask a question
  2. Anybody can answer
  3. The best answers are voted up and rise to the top

What exactly is a resting limit order? I could not find a definition on Wikipedia or Google.

share|improve this question

closed as off-topic by Louis Marascio, Joshua Ulrich, olaker Oct 25 '13 at 20:07

This question appears to be off-topic. The users who voted to close gave this specific reason:

  • "Basic financial questions are off-topic as they are assumed to be common knowledge for those studying or working in the field of quantitative finance." – Louis Marascio, Joshua Ulrich, olaker
If this question can be reworded to fit the rules in the help center, please edit the question.

up vote 3 down vote accepted

An un-marketable limit order (buy limit price is < lowest offer, sell limit price is > highest bid) that has a time in force allowing it to be placed onto a matching engine's limit order book. It is said to "rest" on the book. If the time in force is Immediate or Cancel and the order is unmarketable, it is canceled back to the participant unfilled.

share|improve this answer

Not the answer you're looking for? Browse other questions tagged or ask your own question.