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by somid3 3112 days ago
Can someone explain how the bid/ask and data for futures can be interpreted? Sorry futures noob here.
3 comments
Veratyr 3112 days ago
The bid is the highest price of all open buy orders. If you're selling, this is the maximum price you can make a sell order for and have your order instantly filled.

The ask is the lowest price of all open sell orders. If you're buying, this is the minimum price you can make a buy order for and have your order instantly filled.

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bob_theslob646 3112 days ago
You "lift the ask"(what you as a buyer are able to buy at), and "hit/slam the bid"( what you as a seller can sell at)
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ShabbosGoy 3112 days ago
Bid is latest buy order. Ask/Offer is latest sell order.

Many exchanges have the “maker-taker” model. If you add liquidity to the order book, you are paid by the Exchange. If you take liquidity away from the order book, you pay the Exchange.

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Veratyr 3112 days ago
It's not the latest order, it's the highest (bid)/lowest (ask) _open_ order.
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bob_theslob646 3112 days ago
What the market is quoted at , is the latest buy or sell order.

The price you can buy at is the ask, the price you can sell at is the bid.

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