Yellow strip

Certain LSE trading screens show market makers' quotes in two columns. One column shows bid prices, the other column shows offer prices. Both columns show the best quotes (highest bid and lowest offer) at the top.

A yellow strip runs through the top line of both columns, highlighting the best bid and offer prices. The best bid and offer prices are therefore known as "yellow strip" prices.

Related pages: Market maker | Agency cross | Bid-offer spread | Inter-dealer broker | Quote driven trading system
Related categories: Trading & information
 

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