Normal orders are entered at any time during the trading day and are visible in the order book.

Normal orders are entered at any time during the trading day and are visible in the order book.

• A. Entered only during opening and visible immediately
• B. Entered at any time and visible in order book
• C. Entered during pre-opening and not visible
• D. Entered during closing only

Answer: (B)

Normal orders are regular resting orders in the central limit order book during the trading day. They can be entered at any time while the market is open, and once placed they sit in the order book with their price and size, visible to all participants. This visibility shows current supply and demand and helps traders gauge liquidity and potential price moves. Options that limit when orders can be entered (opening, pre-opening, or closing) or that describe orders as hidden don’t apply to normal orders, which are designed to be entered during the day and to be openly displayed in the book.

Normal orders are regular resting orders in the central limit order book during the trading day. They can be entered at any time while the market is open, and once placed they sit in the order book with their price and size, visible to all participants. This visibility shows current supply and demand and helps traders gauge liquidity and potential price moves. Options that limit when orders can be entered (opening, pre-opening, or closing) or that describe orders as hidden don’t apply to normal orders, which are designed to be entered during the day and to be openly displayed in the book.