The bid price is the highest price a buyer is willing to pay for a security, while the ask price is the lowest price a seller will accept. Understanding bid and ask prices is crucial for effective trading and investment decisions in financial markets.
The bid price is the price at which a market maker or dealer is willing to purchase shares. It is a critical component of the bid-ask spread in financial trading.
A Firm Quote in the securities industry is a round-lot bid or offer price of a security stated by a market maker, which is not identified as a nominal or subject quote that requires further negotiation or review.
An in-depth exploration of the term 'Hit the Bid,' detailing its definition, functionality, practical examples, and its significance in trading and finance.
