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passing the book

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Financial Dictionary

passing the book

Used to refer to the transfer of information on a firm's trading position from one office to another. For example, a New York brokerage firm may pass the book at the end of the trading day to an office in Los Angeles or Tokyo.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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2010 Entertainment Book®
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Craden Peripherals Corp.
DP8 & DP9 Teller Printers Prints receipts, checks, passbooks
www.craden.com
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