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Market Trader Glossary:
Plus
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Definition: |
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Used to quote a price in 64ths. Dealers in government Bonds normally give price quotes in 32nds. To quote a Bid or Offer in 64ths, they use pluses; a Dealer who bids 4+ is bidding the Handle plus 4/32 + 1/64, which equals the handle Plus 9/64. |
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