Lock


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Lock

Used in the context of general equities. Make a market both ways (bid andoffer) either on the bid, offering, or an in-between price only. Locking on the offering occurs to attract a seller, since the trader is willing to pay (and ask) the offering side when others only ask it. Locking on the bid side attracts buyers for similar reasons. Typically, the sell side requires a plus tick to comply with short sale rules.
References in classic literature ?
George said he never saw so much thoughtful sadness concentrated into one glance before, as when, at the lock, that young couple grasped the idea that, for the last two miles, they had been towing the wrong boat.
You can hardly believe you are only where you are, and you are convinced that the map must be wrong; and, when you have trudged along for what seems to you at least ten miles, and still the lock is not in sight, you begin to seriously fear that somebody must have sneaked it, and run off with it.
Some must guard the watch, some the fan, "And thou Crispissa, tend her fav'rite lock," he says.
And when she came to the meadow, she sat down upon a bank there, and let down her waving locks of hair, which were all of pure silver; and when Curdken saw it glitter in the sun, he ran up, and would have pulled some of the locks out, but she cried:
Under his stringy black locks I saw his ear; it jumped upon me suddenly close to my face.
Well, you know,' said the Deputy Lock, shrugging his shoulders with his hands in his pockets, and shaking his head in a sulkily ominous manner, 'the parish authorities down town will have it out of you, if you go on, you may take your Alfred David.
Two of the keys entered the lock, and one of them turned round once, but not the second time.
Don't forget to lock the other door there, in the dressing-room.
Up in his bedroom I kept on repeating it in my own mind--with my eyes all the while on the key, which he had moved to the inner side of the door to lock himself in--till the knowledge of what it meant burst on me like a flash of light.
I rejoined with a good sense of which I was proud; "he might have opened the lock with his left hand, which would have been quite natural, his right hand being wounded.
Those locks can all be opened from the inside - you are very imprudent.
What a fool is he who locks his door to keep out spirits, who has in his own bosom a spirit he dares not meet alone,--whose voice, smothered far down, and piled over with mountains of earthliness, is yet like the forewarning trumpet of doom!