BIDASK QUOTE

Bid-Ask Quote: translation

   A two-way price comprises a bid, or the price at which a dealer is willing to buy, and an ask (or offer) at which a dealer is willing to sell. The bid, by definition, is always below the ask and is always the first quoted price. The difference between the two quotes is known as the spread. A spread between the best bid and best offer is called 'the touch'.

   ► See also Ask, Bid.