| 单词 |
passive market making |
| 释义 |
passive market making Passive Market MakingA situation in which an underwriter makes a bid in the secondary market to buy shares in a new issue for which the underwriter is responsible before it is fully distributed. In passive market making, the underwriter is now allowed to enter a higher bid than any competing investors. See also: Stabilization period.passive market making The offering by a market maker to purchase a firm's securities at the same time the market maker is acting as an underwriter of the securities in a secondary offering. The market maker is not permitted to offer a higher bid than a competing non-underwriting market maker. |
| 随便看 |
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