Locked market is a market condition that results from the bid and the offer for a security are equal.
When market makers enter bids and offers for securities over the NASDAQ work station the bids and offers must adhere to certain requirements. A broker dealer may not enter a bid or offer for a security that would locked the market. The NASDAQ system prevents most orders that would lock the market from being entered.
2024 © Securities Institute, All Rights Reserved.
Privacy Policy | Terms of Service.