The price at which a market maker is willing to buy shares, usually slightly lower than the market maker's offer price.
A firm quote is a specific type of bid or offer price for a security, typically stated by a market maker, that is binding and not identified as nominal or subject to further negotiation or review.
The term 'For Your Information' (FYI) serves as a common prefix in memos and finance, often indicating that no action is required on the contents or that a quote is not a firm offer to trade at that price.
A market maker is a dealer in securities introducing liquidity to the market by buying and selling as a principal and setting prices for transactions.
The price at which a security is offered for sale by a market maker, and the price at which an institution sells units in a unit trust.
A specialist is an individual with extensive knowledge and expertise in a specific field or area. In the context of securities, a specialist is a member of a stock exchange responsible for maintaining a fair and orderly market in one or more securities.
The term 'spread' can refer to several different financial concepts, including the difference between buying and selling prices, the diversity in a portfolio, and a strategy in commodity futures.
An agent who buys and sells securities on a stock exchange on behalf of clients and earns commission for this service.
