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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

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Definition 1.

Used in the context of general equities. (1) Deal in which no trading house has exclusivity (each firm is in direct competition for a piece of business); (2) no preference in picking a particular side (buy/sell) of a stock as profile, indicated during the block call, indicate that the salesforce could have the stock either way.
 
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