Gray Market

Trade using unofficial and unregulated, but still legal, means. In securities, a gray market typically refers to trade in bonds or stocks not yet issued. These sales are contingent upon the issuance actually taking place, and are sometimes considered benchmarks for how successful the issuance will be. Another example of a gray market is the pharmaceuticals industry, in which buyers in different countries sometimes pay very different amounts. Buyers in the more expensive country may travel to the other country to buy their medicines, creating a gray market.

grey market

an ‘unofficial’ market in newly issued shares prior to their being formally listed and traded on the STOCK EXCHANGE. See SHARE ISSUE.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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References in periodicals archive

She said: "The issue with this grey market source is that it cannot be guaranteed as it fluctuates.

GLAD TO BE GREY; GOODS ONCE DESTINED FOR FAR-FLUNG PLACES ARE SNAPPED UP HERE AT HOME BY CANNY BUYERS How to save big bucks on big brand products

If both that number and Ogero's figure of 700,000 fully legal connections are correct, the formerly grey market would service over 500,000 customers.

Unleash the speed

Fly-by-night operators, out to make quick bucks, are the people who benefit from the grey market. It is quite obvious that these dubious operators are not the ones who have consumer interests in mind.

Hit by 'grey market'

Apple has used an ad hoc supply interference strategy to clog the supply of its iPhones to thwart the grey market in China [Luk 2013].

Confronting the gray market problem

Demand is sky high for the just-released Apple's (NASDAQ: AAPL) and "grey market" firms that unlock mobile phones are doing a brisk business in the US as customers scramble to find trade-ins for the new device according to the iPhone Unlock Guys.

iPhone unlockers see windfall after iPhone 6

London, United Kingdom, September 04, 2014 --(PR.com)-- FinancialSpreads, the UK spread trading and CFD trading company, has seen its Alibaba IPO grey market spike 10% higher.

FinancialSpreads Alibaba IPO Grey Market Spikes 10% Higher

Particular focus is placed on China's burgeoning "grey market"--the under-the-table cash economy not so easily tracked by common economic indicators.

China: The Big Lie?

In addition to working with law enforcement officials, Xerox also conducts partner training to help the channel improve their knowledge of the grey market and its disadvantages to their customers.

Xerox Emirates initiative tackles grey market

(108) See discussion supra Part II (discussing pharmaceuticals in the grey market and FDA regulation).

The gray market infiltration of a vulnerable United States health care