Posted Price
The price at which a company will buy or sell a commodity. In markets where an official exchange does not operate, traders will often refer to the posted prices of the major companies trading that commodity. The posted price is similar to a company's bid and ask
Also known as "postings". Investopedia Says:
The posted prices of the major companies are aggregated to form postings, an average price that serves as a benchmark for a commodity. For example, the Western Canadian oil market has no formal exchange. The various grades of oil trade at differentials to the benchmark of West Texas Intermediate (WTI) oil. The major companies, such as Shell or Encana, post prices for each grade of oil as a differential to the WTI. These posted prices serve as the benchmarks for crude oil in Western Canada. Related Terms:
Ask
Benchmark
Bid
Exchange
Settling Price
West Texas Intermediate - WTI |