Subject market

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Subject market

Quote in which prices are subject to confirmation. See: Fast market.

Subject Market

An exchange or financial market in which quotes given are tentative and subject to confirmation. An example of a subject market is a fast market, in which there is so much volatility and trades occur so rapidly that market orders may be executed at a different price from the price at the time the order was placed. Subject markets can be risky.
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Total quantity or scope: Subject markets the project is divided into 23 lots treated as separate markets.