grey market


Also found in: Dictionary, Thesaurus, Acronyms, Wikipedia.

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.
References in periodicals archive ?
She said: "The issue with this grey market source is that it cannot be guaranteed as it fluctuates.
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.
The impacts of grey market goods on your company and brand can be far-reaching and significant, including impacts on your revenue and reputation, impacts on your channels and channel partners, impacts on your customers and their perceptions of your brand and other diverse legal and regulatory impacts.
it's certain that the grey market will continue to thrive from a demand
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.
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].
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.
However, some affluent Chinese from the mainland could not wait for the official launch of iPhone 6 in China that they are flying to Hong Kong to buy the device from the grey market at a minimum price of $2,500.
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.
Particular focus is placed on China's burgeoning "grey market"--the under-the-table cash economy not so easily tracked by common economic indicators.
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.
(108) See discussion supra Part II (discussing pharmaceuticals in the grey market and FDA regulation).