Bid and offer: Difference between revisions

Bid and offer (view source)

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 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>
-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]].
+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]].
 [[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.
 {{ref}}