mid-market price

What is mid-market price?

mid-market price definition and meaning on Finance terms:
The mid-point between the bid price and the offer price for a security based on quotations for transactions of normal market size by recognised market-makers or recognised trading exchanges. The mid-market price is used for the year-end revaluation procedure. <


reference: https://www.ecb.europa.eu/home/glossary/html/index.en.html