Understanding "Goes" in General Equities

February 19, 2025 08:00 AM PST | By Team Kalkine Media

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Highlights

"Goes" signifies executed trades or market shifts in stock trading.

Traders use "Goes" to indicate completed transactions or bid/ask changes.

It enhances clarity in fast-paced equity markets.

Detailed Explanation

In the world of general equities, the term "Goes" is commonly used by traders to communicate essential market actions. It serves two primary functions: denoting trade executions and highlighting shifts in the stock's inside market.

Firstly, "Goes" is used when a trade is successfully executed. For example, if an investor completes a transaction of 10 shares of IBM at $115, a trader might announce, "10 IBM goes on at 115." This usage ensures quick and precise communication regarding completed trades, which is crucial in fast-moving markets.

Secondly, "Goes" also plays a key role in indicating changes in a stock’s inside market, which refers to the highest bid and lowest ask price available. When a bid or ask price changes, traders might state, "Apple goes ¾ bid," meaning Apple's stock now has a new bid price of ¾. This phrase efficiently conveys market movements to other participants, allowing for informed decision-making.

Conclusion

The term "Goes" is a valuable shorthand in equity markets, ensuring swift communication of executed trades and price changes. Its usage helps traders stay updated in dynamic market conditions, fostering efficient transactions and strategic decision-making.

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