locked market(redirected from Locked Markets)
A market is locked if the bid price equals the ask price. This can occur, for example, if the market is brokered and one side pays brokerage only, in over-the-counter trading the initiator of the transactions. Highly competitive market environment with inside bid and offering at the same price. Often occurs when an OTC dealer has not updated the market.
A somewhat unusual occurrence in which the bid price and ask price for a security are equal.