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 ?
CURRAGH trainer Darren Bunyan will break new ground next month when his star sprinter Hit The Bid will become his first runner in Dubai at the upcoming carnival.
Hit The Bid, winner of a Curragh Group 3 as a juvenile and the Listed Midsummer Sprint Stakes at Cork this year, looks set to start in handicap company, building up to the Group 2 Meydan Sprint in February.
Trainer Darren Bunyan does not want to see any more rain at Chantilly as Hit The Bid vies for Group Two honours in the Prix du Gros-Chene today.
Bunyan hopes it remains dry, though, as Hit The Bid needs a brisk surface to be at his best.
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.
The World Cup winners were favourites to be awarded the tournament - but the match-fixing scandal and hooliganism that has scarred the game in Italy hit the bid hard.
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.
Take Cover (David Allan, far side) wins the Listed Mercury Stakes from Hit The Bid at Dundalk on Friday; 2.
There is a chance Hit The Bid might struggle to go what is likely to be a fast early pace in the Dubai International Airport World Trophy Stakes (4.
Take Cover, Caspian Prince and Thesme are three of the fastest horses in training, so Hit The Bid might get too far back.
The race is wide open, but with places down to fourth Darren Bunyan's improving Hit The Bid looks worth chancing as he's drawn not far from all the speed horses.
00 Newbury Sporting Index (50-30-20-10) 13-16 Take Cover, 12-15 Cotai Glory, 11-14 Muthmir, 9-12 Waady, 7-9 Priceless, 6-8 Encore D'Or, Hit The Bid, Caspian Prince, Judicial, 4-6 Goldream, Mirza, 3-5 Thesme, 1-3 Rose Briar, Just Glamorous, Abstraction, Go On Go On Go On, Line Of Reason.