locked market

locked market definition - finance
A temporary condition in which the selling price, or offer, of one security is the same as the bid, or buy price, of another security. Locked-market conditions are rare, and occur most frequently in fast-moving markets. Also called locked quotations or crossed quotations.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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