Liquid
A real order book for private stock.
Liquid is the alternative trading system* inside Street. Fragmented demand becomes a continuous limit order book, with guardrails the issuer sets.
*Registration in progress.
Request a demoLLiquid
Open09:41:02 ETBookGuardrailsSession
NNorra, Inc.Series B Preferred · NRA.B
- 84.60ask2,400
- 84.45ask5,100
- 84.40bid3,750
- 84.25bid6,200
Issuer guardrails
Ceiling85.25
Last84.40
Floor82.70
Issuer-approved market · rules enforced by the venue, not a side letterIn band
Liquidity you can see.
Bids and asks rest at firm prices in a continuous book. Depth is on screen, not an indication in someone's inbox.
NDepth · NRA.B212 resting
- 84.45ask5,100
- 84.40bid3,750
- 84.25bid6,200
Firm quote · 84.25
OORD-4821 · 6,200 sh
How a market opens.
The issuer authorizes the market and sets its rules. From there the session runs continuously, quote, match, print.
ListQuote
Match
PrintCrossing orders fill at one on-screen price · on-book