In competition


Also found in: Legal.

In competition

Indication that the customer has revealed trading interest to multiple brokers and that the trade will take place with the firm having the highest bid or lowest offer. Antithesis of exclusive.

In Competition

Describing a situation where an investor has indicated interest to many different brokers in buying or selling a security. An investor in competition will do business through the broker able to find the best price for the desired trade.
References in periodicals archive ?
Librarians with any sense of their history and environment know that libraries and bookstores complement each other and, far from being in competition, often increase each other's use.
In this section of the report, the idea that we are in competition with, and have something to fear from, mega-bookstores rears its head again.
Despite the expected increase in competition, a less benign operating environment and lower interest rates, INS' profitability should remain strong in the short to medium term.
IN's patent protects the use of the company's developed wireless technology to control unlimited numbers of video and computer players in competition in real time.
Market research has shown for over ten years tremendous interest in competitions," said Lockton.