The trade in securities before they have been officially issued.
Trading in a bond prior to the formal issue of the bond. Trading is completed on an ‘if as and when issued’ basis. Settlement takes place when the bond is finally issued.
A grey market is a market where there is trading of a stock that is about to be issued for the first time, before it's issued. Grey market trading is risky because sellers' don't know how many shares they have - i.e. they're selling shares they don't own yet - and buyers don't know what the final issue price is going to be when the allocation is complete.
Trading in shares outside a recognized market. This has come to mean trading in shares ahead of their issue on the stock market. Unofficial trading has become commonplace particularly in privatization stocks ahead of their actual listing and commencement of official trading.
Trading taking place between the launch of a new share issue and the arrival of official notification of the allotment of shares to applicants.
Unofficial trading of securities before their formal public issue.
a) Consumer goods: sale of products by unauthorized dealers, frequently at discounted prices. b) Securities: sales of securities that have not officially been issued yet by a firm that is not a member of the underwriting syndicate. Such trading in the when-issued, or gray, market can provide a good indication of the amount of demand for an upcoming new stock or bond issue.
An unofficial market in a good or service. Grey markets are particularly common in share trading where it refers to share sales not made on the official stock exchanges.
An unofficial market for goods and services (e.g. for the exchange of currency) that may or may not be legal. Sometimes also referred to as a parallel market. See also black market.
Term for a group of markets that we offer that are not listed on any exchange, for example IPOs and political bets
The grey market describes the purchase by intermediaries of product which is not supplied to them by the "authorized" distribution channel of the supplier. While grey market products are frequently the same as would be available from conventional channels, the grey market assumes responsibility for service or repair where the manufacturer declines this support.
An unofficial market in which products are bought and sold at prices lower than the authorized prices.
Period between the announcement of an issue and the time the issue takes place. Investors can buy and sell the shares during this period for settlement after the issue date.
The market in a new issue prior to formal offering.
An informal market that develops for a newly issued security. The trading in this market will indicate at what price the security will begin to trade when it is listed.
The grey market (or gray market) refers to the flow of new goods through distribution channels other than those authorized or intended by the manufacturer or producer. Used or pre-owned goods are just that: used. Only new products fall under the legal, accepted definition of grey market.
