https://jollycontrarian.com/index.php?title=Bid_and_offer&feed=atom&action=historyBid and offer - Revision history2024-03-28T11:49:19ZRevision history for this page on the wikiMediaWiki 1.39.3https://jollycontrarian.com/index.php?title=Bid_and_offer&diff=37339&oldid=prevAmwelladmin at 12:33, 15 January 20202020-01-15T12:33:45Z<p></p>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>These people depend for their livelihoods on being able to sell that thing for a higher price than they can buy it. Thus they will [[bid]] a bit low of the genuine consensus value value — the “[[mid-market price]]” or “[[mid]]” of the item — and [[offer]] a bit high. The difference between a broker’s bid and ask is called the brokers’ “[[bid-offer spread]]”, or “[[spread]]”.<ref>Also called the [[bid-ask]] spread.</ref></div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>These people depend for their livelihoods on being able to sell that thing for a higher price than they can buy it. Thus they will [[bid]] a bit low of the genuine consensus value value — the “[[mid-market price]]” or “[[mid]]” of the item — and [[offer]] a bit high. The difference between a broker’s bid and ask is called the brokers’ “[[bid-offer spread]]”, or “[[spread]]”.<ref>Also called the [[bid-ask]] spread.</ref></div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>Brokers get away with this because ''every'' one does the same thing — you would be a knuckle-head not to — so their competitive advantage comes down to how <del style="font-weight: bold; text-decoration: none;">tight </del>is their spread around the [[mid-market price]].</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>Brokers get away with this because ''every'' one does the same thing — you would be a knuckle-head not to — so their competitive advantage comes down to how <ins style="font-weight: bold; text-decoration: none;">’tight </ins>is their <ins style="font-weight: bold; text-decoration: none;">[[</ins>spread<ins style="font-weight: bold; text-decoration: none;">]] </ins>around the [[mid-market price]].</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[ISDA Ninja]]s will also see references to “{{isdaprov|Mid-Market Events}}” when closing out an {{isdama}} for a {{isdaprov|Termination Event}} with two {{isdaprov|Affected Parties}} (that is, no naughtiness on the part of one party justifying the other “innocent” party gouging its eyes out on {{isdaprov|Transaction}} termination.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>[[ISDA Ninja]]s will also see references to “{{isdaprov|Mid-Market Events}}” when closing out an {{isdama}} for a {{isdaprov|Termination Event}} with two {{isdaprov|Affected Parties}} (that is, no naughtiness on the part of one party justifying the other “innocent” party gouging its eyes out on {{isdaprov|Transaction}} termination.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{{ref}}</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{{ref}}</div></td></tr>
</table>Amwelladminhttps://jollycontrarian.com/index.php?title=Bid_and_offer&diff=37253&oldid=prevAmwelladmin at 17:12, 14 January 20202020-01-14T17:12:27Z<p></p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 17:12, 14 January 2020</td>
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<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>{{g}}The “[[bid price]]” is the price at which you would buy something (think, in an auction, of making a bid), whereas the “[[offer price]]” or <del style="font-weight: bold; text-decoration: none;">’</del>[[ask price]] is the price at which you would sell it. Think of offering to sell your house, or offering something at auction.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div>{{g}}The “[[bid price]]” is the price at which you would buy something (think, in an auction, of making a bid), whereas the “[[offer price]]” or <ins style="font-weight: bold; text-decoration: none;">“</ins>[[ask price]]<ins style="font-weight: bold; text-decoration: none;">” </ins>is the price at which you would sell it. Think of offering to sell your house, or offering something at auction.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Usually a punter like you or me in the market is doing one thing at any time: buying or selling. But there are many market participants — [[market maker]]s, [[dealer]]s, [[broker]]s, [[broker/dealer]]s and so on — who make it their business to be buying and selling the same thing— say, a particular [[bond]], [[stock]] or [[currency]] — at the same time.</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Usually a punter like you or me in the market is doing one thing at any time: buying or selling. But there are many market participants — [[market maker]]s, [[dealer]]s, [[broker]]s, [[broker/dealer]]s and so on — who make it their business to be buying and selling the same thing— say, a particular [[bond]], [[stock]] or [[currency]] — at the same time.</div></td></tr>
</table>Amwelladminhttps://jollycontrarian.com/index.php?title=Bid_and_offer&diff=37251&oldid=prevAmwelladmin at 17:11, 14 January 20202020-01-14T17:11:40Z<p></p>
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 17:11, 14 January 2020</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Brokers get away with this because ''every'' one does the same thing — you would be a knuckle-head not to — so their competitive advantage comes down to how tight is their spread around the [[mid-market price]].</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Brokers get away with this because ''every'' one does the same thing — you would be a knuckle-head not to — so their competitive advantage comes down to how tight is their spread around the [[mid-market price]].</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div>ISDA Ninja]]s will also see references to “{{isdaprov|Mid-Market Events}}” when closing out an {{isdama}} for a {{isdaprov|Termination Event}} with two {{isdaprov|Affected Parties}} (that is, no naughtiness on the part of one party justifying the other “innocent” party gouging its eyes out on {{isdaprov|Transaction}} termination.</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">[[</ins>ISDA Ninja]]s will also see references to “{{isdaprov|Mid-Market Events}}” when closing out an {{isdama}} for a {{isdaprov|Termination Event}} with two {{isdaprov|Affected Parties}} (that is, no naughtiness on the part of one party justifying the other “innocent” party gouging its eyes out on {{isdaprov|Transaction}} termination.</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{{ref}}</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>{{ref}}</div></td></tr>
</table>Amwelladminhttps://jollycontrarian.com/index.php?title=Bid_and_offer&diff=37249&oldid=prevAmwelladmin at 17:08, 14 January 20202020-01-14T17:08:30Z<p></p>
<table style="background-color: #fff; color: #202122;" data-mw="interface">
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<td colspan="2" style="background-color: #fff; color: #202122; text-align: center;">Revision as of 17:08, 14 January 2020</td>
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<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Brokers get away with this because ''every'' one does the same thing — you would be a knuckle-head not to — so their competitive advantage comes down to how tight is their spread around the [[mid-market price]].</div></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><div>Brokers get away with this because ''every'' one does the same thing — you would be a knuckle-head not to — so their competitive advantage comes down to how tight is their spread around the [[mid-market price]].</div></td></tr>
<tr><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td><td class="diff-marker"></td><td style="background-color: #f8f9fa; color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #eaecf0; vertical-align: top; white-space: pre-wrap;"><br/></td></tr>
<tr><td class="diff-marker" data-marker="−"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #ffe49c; vertical-align: top; white-space: pre-wrap;"><div><del style="font-weight: bold; text-decoration: none;">You </del>also see references to</div></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">ISDA Ninja]]s will </ins>also see references to <ins style="font-weight: bold; text-decoration: none;">“{{isdaprov|Mid-Market Events}}” when closing out an {{isdama}} for a {{isdaprov|Termination Event}} with two {{isdaprov|Affected Parties}} (that is, no naughtiness on the part of one party justifying the other “innocent” party gouging its eyes out on {{isdaprov|Transaction}} termination.</ins></div></td></tr>
<tr><td colspan="2" class="diff-side-deleted"></td><td class="diff-marker" data-marker="+"></td><td style="color: #202122; font-size: 88%; border-style: solid; border-width: 1px 1px 1px 4px; border-radius: 0.33em; border-color: #a3d3ff; vertical-align: top; white-space: pre-wrap;"><div><ins style="font-weight: bold; text-decoration: none;">{{ref}}</ins></div></td></tr>
</table>Amwelladminhttps://jollycontrarian.com/index.php?title=Bid_and_offer&diff=37214&oldid=prevAmwelladmin: Created page with "{{g}}The “bid price” is the price at which you would buy something (think, in an auction, of making a bid), whereas the “offer price” or ’ask price is th..."2020-01-14T14:56:21Z<p>Created page with "{{g}}The “<a href="/index.php?title=Bid_price" class="mw-redirect" title="Bid price">bid price</a>” is the price at which you would buy something (think, in an auction, of making a bid), whereas the “<a href="/index.php?title=Offer_price" class="mw-redirect" title="Offer price">offer price</a>” or ’<a href="/index.php?title=Ask_price" class="mw-redirect" title="Ask price">ask price</a> is th..."</p>
<p><b>New page</b></p><div>{{g}}The “[[bid price]]” is the price at which you would buy something (think, in an auction, of making a bid), whereas the “[[offer price]]” or ’[[ask price]] is the price at which you would sell it. Think of offering to sell your house, or offering something at auction.<br />
<br />
Usually a punter like you or me in the market is doing one thing at any time: buying or selling. But there are many market participants — [[market maker]]s, [[dealer]]s, [[broker]]s, [[broker/dealer]]s and so on — who make it their business to be buying and selling the same thing— say, a particular [[bond]], [[stock]] or [[currency]] — at the same time.<br />
<br />
These people depend for their livelihoods on being able to sell that thing for a higher price than they can buy it. Thus they will [[bid]] a bit low of the genuine consensus value value — the “[[mid-market price]]” or “[[mid]]” of the item — and [[offer]] a bit high. The difference between a broker’s bid and ask is called the brokers’ “[[bid-offer spread]]”, or “[[spread]]”.<ref>Also called the [[bid-ask]] spread.</ref><br />
<br />
Brokers get away with this because ''every'' one does the same thing — you would be a knuckle-head not to — so their competitive advantage comes down to how tight is their spread around the [[mid-market price]].<br />
<br />
You also see references to</div>Amwelladmin