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Market
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(1) Prices at which a market maker is willing to buy and sell a particular instrument. If a market maker is willing to buy XYZ at 10 1/2 and sell XYZ at 11, his market is '10 1/2 at 11' for XYZ. Usually a market maker's quote will indicate size as well as price. (2) Location (physical or electronic) where transactions take place.
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