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Bid Away

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Bid away
Refers to over-the-counter trading. Bid from another dealer exists at the same (listed) or higher (OTC) price.

Bid Away
In over-the-counter trading, to make a bid higher than the previous price for which the security or derivative was sold. See also: Uptick.


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Studies on the good and negatives of this exercise may rage for quite a lot of years to come, but the tradition dates back to many thousand years and cannot be just bid away.
Kaypee is just one hefty Bangalore bid away from taking the top cash prize in India's most popular cricket auction, Who Wants to Be an IPLionaire.
Remember that the interest rate moves in the opposite direction of the price so even though a hefty risk premium was incorporated in the original security, it was bid away.
 
 
 
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