Touchline

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Touchline

The highest price a buyer of a security is willing to pay and the lowest price a seller is willing to sell at a given time. The touch line, like the bid-ask spread, represents the best price available for a security. Generally speaking, the more liquid an asset is, the lower the bid-ask spread is. As a result, currency, which is considered the most liquid asset, has an extremely low bid-ask spread.
References in periodicals archive ?
Last Friday I asked the groundsman to fix the touch lines and I'll be down there on Monday to see that he did.
Jean Madar, Chairman and CEO of Inter Parfums, stated, "In 2003, Burberry fragrance sales grew over 60% boosted by the continued success of the Burberry London, Burberry Weekend and Burberry Touch lines, and the fall 2003 launch of the Burberry Brit for women collection.