The spread is defined as the difference between the offered price and the bid price. The bid price is the price at which the buyer agrees to purchase the relevant financial derivative or asset. It stands for the highest price that the item has been offered at.
The lowest suggested price is the offer price, which is the seller's intended price to sell the relevant security or financial derivative. The offered price will never exceed the bid price. The bid price emphasizes the price set by the buyer, while the bid itself reflects the supply side. Offer is an example of the supply side.
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