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Finance Dictionary and Glossary of Investment Terms
The highest bid and the lowest ask prices made by Nasdaq Market Makers for their own inventories. When there is an inside market for a given security, it is called making an inside market.
The highest quoted bid and the lowest offer price among competing market makers in a security trading on the Nasdaq market.
Refers to over-the-counter trading. Best (highest) bid and best (lowest) offer, often used in the O.T.C. Market. See: In-line.
The highest bid and the lowest ask (offer) prices among all Market Makers competing in a Nasdaq security; the best bid and ask prices for a security. (See best bid, best ask)