close market(redirected from Closed Market)
An market in which there is a narrow spread between bid and offer prices, due to a high volume of trading and many competing market makers.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A market for a security with a very low bid-ask spread. That is, there is a very small difference between the highest price a buyer is willing to pay and the lowest price that a seller is willing to take. A close market occurs when trading is very active and there are a larger number of market makers working on the same security.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A narrow spread between the bid price and ask price of a security. A close market in a security is facilitated by active trading and multiple market makers.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.