(idea) by EE Mon Jun 04 2001 at 20:23:48

A securities market in which the highest bid price (the price at which someone is willing to buy a security) is equal to the lowest ask price (the price at which someone is willing to sell a security.) This is an abnormal market situation - normally, the last of the two best orders to arrive should have been executed against the one that was already posted when it arrived.

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