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Bid-asked spread
The difference between the bid and asked prices.
Bid away
Refers to over-the-counter trading. Bid from another dealer exists at the same (listed) or higher (O.T.C.)
price.
Bidder
A firm or person that wants to buy a firm or security.
Bidding buyer
Used in the context of general equities. Non-aggressive buyer who prefers to patiently await a natural seller
in the hope of paying a lower price.
Bidding through the market
Used in the context of general equities. Aggressive willingness to purchase a security at a premium to the
inside market. Contrast with bidding buyer.
Bid wanted
Used in the context of general equities. Announcement that a holder of securities wants to sell and will
entertain bids.
Big Bang
The term applied to the liberalization in 1986 of the London Stock Exchange (L.S.E.) in which trading was
automated with the use of computers.
Big Board
A nickname for the New York Stock Exchange (N.Y.S.E.). Also known as The Exchange. More than 2,000
common and preferred stocks are traded. Founded in 1792, the N.Y.S.E. is the oldest exchange in the
United States, and the largest. It is located on Wall Street in New York City.
Big picture
Used in the context of general equities. To highlight trading interest due to the size of the trade (i.e., Two-
way size).
Bill of exchange
General term for a document demanding payment.
Bill of lading
A contract between an exporter and a transportation company in which the latter agrees to transport the
goods under specified conditions which limit its liability. It is the exporters receipt for the goods as well as
proof that goods have been or will be received.
Binomial option pricing model
An option pricing model in which the underlying asset can assume on only two possible, discrete values in
the next time period for each value that it can take on in the preceding time period.
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