Bid
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A bid is the highest price a market maker is willing to pay at a given time for a specified security or contract.[1]
Market makers make money on the difference between the bid price and the ask price. That difference is called the "spread."[2]
References
- ↑ Glossary:"Bid". CME. Retrieved on March 31, 2008.
- ↑ Glossary:"Bid" Price. SEC. Retrieved on March 31, 2008.
