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  • For example, a market on the order book showing ???102-102??? versus 23?????? (top of the book) may appear as 101.84-102??? (spread), this difference is because the 102-102??? market is a market conditioned on a single stock price while the bid side of the ???spread??? market is conditioned on the bid for the stock, and the offer side of the ???spread??? market is conditioned on the offer for the
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