Hit the bid

Hit the bid

A dealer who agrees to sell at the bid price quoted by another dealer is said to "hit" that bid. Antithesis of take the offer.

Hit the Bid

To agree to sell a security at a previously quoted bid. This term is often used when one dealer sells to another. It is the opposite of the term, "take the offer."
References in periodicals archive ?
That doesn't mean you're going to make a decision that PS75million, bang you hit the bid.
4723 lows came on relatively modest volume, although many short term players hit the bid at once for fear of getting caught on the wrong side of the market, which has been a regular occurrence in the current market.
GAIN traders continuously publish real time prices via GAIN's secure, Java-enabled dealing software, and clients can at any time hit the bid or lift the offer and instantaneously execute a trade.