"We're asking participants to make their best bid," he said.
If the market maker chose to expose the order, it would become the best bid in the system.
But if he could just give Witt the best bid.
"I think we are going to win because we have the best bid."
The market's middlemen make their living on the spread, the difference between a stock's best bid and ask price.
The board has asked each side to make its best bid by Feb. 1.
And 63 percent of the time, either the best bid or the best ask price was to be found on a network.
Based on the presentation and the proposal, the country with the best bid is selected.
Though in an industry town like Hollywood, where relationships mean everything, not all contracts are necessarily the result of the best bid.
So, if the market is $19.875 bid and $21.125 asked, your offer to buy at $20 would become the best bid.
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