Orders and execution · Rookie
Bid price
What does Bid price mean?
The bid is a quoted price at which buyers are willing to buy an instrument. Selling at market typically interacts with available bids.
Example
A quote of 100.00 bid and 100.05 ask shows a five-cent difference.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Available quantity and subsequent price changes can affect the actual fill.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.