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 periodicals archive ?
The company, which is AAA-contracted and handles services such as lock outs, jump starts and tire changes as well as towing, is leasing office space at 346 Sunset Highway from Rod Haverfield, across from the Crunch Pak offices.
DEALMAKERS have been working hard delivering deals that have attracted less overt publicity than in recent years, due in the main to PR lock outs, disguising the volume of deal activity in the market.
NASRIA is the only insurer in the country providing cover against damage to property and consequential loss caused by, among others, riot or civil commotion; strikes, lock outs and labour disturbances; acts to overthrow the government or any local authority with force or by means of fear, terrorism or violence; acts with a political objective or to bring about social or economic change, or in protest against (authority) or for the purpose of inspiring fear in any section of the public.