The platform operates like the fixed income market with a bid and ask (also known as offer).
All securities trading on any market get two prices:
- The market bid price reflects the price a seller receives for selling their offering.
- The market ask price reflects the price a buyer takes for buying an offering.
Valuations are based on the mid price which is the middle amount between the bid and ask prices.
The market prices may differ to platform prices in the platform with an additional spread based on liquidity, offering credit strength and other factors. Where used the platform prices may be wider than the market prices.