Locking and Crossing Quotations
A locked quote is when a market maker either enters a bid that is the same price as the best ask price, or enters an ask price that is the same as the best bid price. A crossed quote is when a market ma
A locked quote is when a market maker either enters a bid that is the same price as the best ask price, or enters an ask price that is the same as the best bid price. A crossed quote is when a market ma