Agency cross: related pages

The difference between the prices at which shares can be bought and sold.

An order to purchase securities within a price limit.

A dealer who receives privileges in share dealing in return for providing liquidity, usually by always quoting firm bid and offer prices.

The average of the bid and offer prices.

an order to buy or sell a quantity of securities at the current market price.

Trading systems in which investors’ offers to buy and sell securities are directly matched with each other rather than through market makers.