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What is off order book trading and how it is different from order book trading. When I check the 0r1O (LSE), Few websites show $1585.46 ( last order book trade which took place on 22nd of May) and few (e.g. yahoo ) return last price as $1802 which is an off book trade.

One more interesting fact I noticed is that Yahoo is returning last close as $1585.46 only which is the last order book trade ( took place on 22nd May ) though there have been continuous off book trades since then.

https://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/US0231351067USUSDSSX4.html

https://finance.yahoo.com/quote/0R1O.L?p=0R1O.L

Edit: I wonder why few investors prefer off book trading over order book in such above cases. Since the last order book trade ( on 22nd of May ) this security has seen rise of $300 in it's price. Isn't it risky especially with this low amount of trading volume?

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    An Off-Book trade is one that takes place outside the order book - often the OTC market - and is then reported to the exchange.
    – Bob Baerker
    Commented Jul 24, 2018 at 12:01
  • Yes I read the definition but didn't get why investors would like to do that. Since 22nd May 0R1O.L has only seen off order book and still rises from $1.5k to $1.8K. Isn't it a risk because it has very low volume?
    – KnowledgeSeeeker
    Commented Jul 24, 2018 at 15:20
  • @user2611539 In that case, you should probably edit those details into question (that you understand the term, just not why people would use it), and probably change the title to something like "Why would investors use off order book trading?".
    – TripeHound
    Commented Jul 25, 2018 at 15:31
  • That makes sense. I have updated my question.
    – KnowledgeSeeeker
    Commented Jul 27, 2018 at 14:07
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    Why should you do off order book trades?
    – RonJohn
    Commented Jul 27, 2018 at 14:34

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It’s typical for low volumes stocks. There are two parties willing to make a trade at some volume, by doing that off-book they have guaranteed full execution and the price. If they would put their order on the books, partial filling is possible by third party and the remains might not be attractive for either the buyer or seller.

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