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Municipal securities broker's brokers use a method for obtaining market prices for
securities which is unique to the municipal secondary market. This method is referred
to as "Bid Wanted", a blind auction-style process wherein a dealer asks
a municipal securities broker's broker to gather bids from the interdealer market
on a specific security so the dealer or ultimate owner (customer) may execute a
sell or hold decision on their position.
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Offering:
Click for description of what a municipal secondary market
Offering is and how Situation Trading works.
Inquiry:
Click for description of what a municipal secondary market
Customer Inquiry is and how the process works.
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