CENTRAL LIMIT ORDER BOOK
A Central Limit Order Book (CLOB) is the backbone of many financial markets, serving as a transparent and efficient system for matching buy and sell orders for assets like stocks, bonds, or cryptocurrencies. This centralized database records and prioritizes all open orders based on price and time, creating a dynamic marketplace that fosters trust and facilitates seamless trading.
At its core, a CLOB is a real-time database that continuously updates to reflect all open buy (bid) and sell (ask) orders for a specific asset. It operates with precision, ensuring that trade