Without

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Without

Indicates a one-way market if 70 were bid in the market and there was no offer, the quote would be "70 bid without.".

Without

Describing a quote in a one-way market. That is, when one says "$25 ask without", that means a willing seller wants to sell a security for $25, but there is no corresponding bid.

without

Used to indicate that no quotation is offered. For example, a dealer might quote a security as a $45 bid without, which means the dealer is willing to buy at $45, but no ask price is currently available. A dealer quotation that includes a without indicates a one-sided market.

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