Definitions
In plain terms
It is the price on the buyer side of the market, subject to the quote's venue, size, conditions, and timestamp.
Technical
A bid price is meaningful only with instrument, source, currency, event time, price precision, quote condition, and often bid size.
Scope
It does not guarantee execution, fill size, or permanence after the quoted instant.
Examples
- A governed dataset records bid price explicitly and preserves the source context needed to interpret it.
Common misconceptions
- Bid Price does not have one universal meaning or policy without its declared source, scope, and data contract.
Concept relationships
Where this concept is used
Evidence and governance
- FIX Latest Online Specification — Market Data FIX Trading Community · official standard
Supports: preferred label, short definition, technical definition
Limits: Implementations use negotiated profiles; FIX fields do not impose one universal feed, stale-data, deduplication, or reconciliation policy.
- Fintech Builder Glossary Definition Contract The Fintech Builder · internal governed contract
Supports: variant distinction
Limits: Defines governed platform behavior rather than claiming these policies are universally prescribed by external McClellan methodology.
- Reviewed by
- fintech-builder-owner-approved
- Last reviewed
- 2026-07-26
- Next review
- 2027-07-26
- Record status
- published