Yellow strip price or touch price is a term used in the UK stock market(LSE) by Market makers for the highest bid price or lowest offer price, shown on the SEAQ or SETS screen in a yellow strip.
The difference between the lowest(offer) and highest(bidding) price is known as the Bid-offer spread.
Famous quotes containing the words yellow and/or strip:
“When there was no more lantern in the kitchen,
The fire got out through crannies in the stove
And danced in yellow wrigglers on the ceiling,
As much at home as if they’d always danced there.”
—Robert Frost (1874–1963)
“Perfect present has no existence in our consciousness. As I said years ago in Erewhon, it lives but upon the sufferance of past and future. We are like men standing on a narrow footbridge over a railway. We can watch the future hurrying like an express train towards us, and then hurrying into the past, but in the narrow strip of present we cannot see it. Strange that that which is the most essential to our consciousness should be exactly that of which we are least definitely conscious.”
—Samuel Butler (1835–1902)