Order Book Depth
Order book depth is the amount of buy or sell interest visible at different price levels.
Category
Exchange Microstructure
These terms describe how order books, spreads, and price formation work in liquid markets.
How to recognize this theme
Terms for how liquidity and prices are quoted.
In a daily board, this category groups terms by their shared role. Look for four cards that describe the same mechanism, risk area, or workflow rather than four words that merely sound similar.
Educational context
These entries are vocabulary notes for learning. They are not project endorsements, token recommendations, exchange rankings, or trading signals.
Bid-Ask Spread
The bid-ask spread is the difference between the highest bid and lowest ask in a market.
Tick Size
Tick size is the smallest increment a market allows for quoted prices.
Price Discovery
Price discovery is the process by which markets form a current price from trading activity and new information.