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Banking

Firm Quote

A displayed quote representing a bid to buy or offer to sell a specific quantity of a security (or any...

Bid Price

The amount that an entity or broadly a market participant is willing to pay as a consideration for purchasing an...

Protected Bid

A bid quotation on a security (stock) that is the best bid available in the market and is displayed by...

Handle

The whole dollar price of a bid or offer. In other words, it represents the first few digits of a...

Strike Order

An type of order or bid that is submitted by investors who then pay at the offer price that will...

Blind Bidding

The bidding that involves an offer to buy a basket of stocks where the potential buyer does not know the...

Blind Bid

An offer (bid) to buy a basket of stocks where the potential buyer does not know the component stocks. Blind...

Open Outcry System

An old-fashioned trading system that involves verbal bids and offers, where member traders gather on the trading floor of an...

Gaming The Quote

A type of gaming in which a trader (known as the gamer) executes small orders to manipulate the public exchange mid-quote that a crossing network uses to get a...

Spread

The difference between bid price (bid) and ask price (ask). It is the price difference between what a buyer is...