Chapter 04 · Section 4.1
Prices
In all option exchanges the prices of the trades that have been made are immediately recorded and visible.
What about limit prices specified in limit orders or quotes (bids and asks) that have not yet been executed?
Can they be seen on a display by everybody on the exchange floor in the Commodity/Futures Exchange System?
a) yes
b) no
In the Competing Market Maker System, the best prices in the public order book are displayed on a board visible to the trading crowd. There is no such central public order book in the Commodity/Futures Exchange System.