When you buy a customer's securities, at what price do you make the purchase?

When purchasing a customer's securities, the transaction occurs at the best available offer, also known as the asked price. This price reflects the lowest price a seller is willing to accept for their securities at the time of the transaction. It's essential for ensuring that the customer receives a fair price that is in alignment with current market conditions. This method allows for a more efficient transaction since it utilizes live market data to facilitate buying securities promptly.

Choosing the market price could imply purchasing at varying prices throughout the trading day, which may not necessarily meet the customer's expectations. A fixed negotiated price could limit the flexibility and responsiveness needed in active trading scenarios. The lowest bid price, on the other hand, represents the highest price a buyer is willing to pay, which does not align with the seller’s perspective and does not help in executing a purchase effectively. Thus, the best available offer (asked price) is the most appropriate price for buying customer securities.