Competitive biddingA securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell.
Competitive biddersCompetitive bidders
One of two categories of bidders on Treasury securities: competitive and noncompetitive. Competitive bidders are usually financial institutions.
Registered competitive market makerRegistered competitive market maker
An NASD-registered NASD who acts as a NASD for a designated NASD NASD by buying and selling that NASD to maintain stability.
Registered Competitive Market MakerRegistered Competitive Market Maker
Identifies New York Stock Exchange (NYSE) floor members with a specific NYSE-imposed obligation to enhance the quality of NYSE markets by injecting their own or their firms' capital into difficult market-making situations. At the request of an Exchange official, an RCMM must make a bid or offer that narrows an existing quote spread or improves its depth. An RCMM may also be asked to assist a commission broker or floor broker in executing a customer's otherwise unexecutable order.
Used alone, this usually means perfectly competitive. Contrasts with imperfectly competitive.
Perfectly competitivePerfectly competitive
Refers to an economic agent (firm or consumer), group of agents (industry), model, or analysis that is characterized by perfect competition. Contrasts with imperfectly competitive.
Further SuggestionsImperfectly competitive
Perfectly competitive financial markets