The difference between the highest bid price limit order in a trade book and the lowest ask price limit order in a trade book. For instance, a high bid of $1.55 and a low ask of $1.58 creates a “spread” of $0.03.
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The difference between the highest bid price limit order in a trade book and the lowest ask price limit order in a trade book. For instance, a high bid of $1.55 and a low ask of $1.58 creates a “spread” of $0.03.