Automated Bond System (ABS)
The electronic system on the NYSE that records bids and offers for inactively traded bonds until they are canceled or executed. Investopedia Says:
Because the bid and ask prices of inactively traded bonds aren't constantly changing due to demand and supply conditions, investors looking for a quote may have difficulties. By having all inactive bonds electronically monitored, the NYSE is able to keep a good inventory of bond prices, just in case an investor is interested in purchasing them. Related Terms:
Ask
Bid
Bid Price
Bond
Bond Quote
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