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one-sided market

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One-sided Market
When the market for a security only shows either one bid or one ask.

Notes:
Market makers are required to maintain a two-sided market where both a bid and an ask price are shown to investors.

one-sided market
The market for a security in which only a single side, either the bid or the ask, is quoted. Also called one-way market. Compare two-sided market. See also without.
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