open market

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open market

Economics
a. a market in which prices are determined by supply and demand, there are no barriers to entry, and trading is not restricted to a specific area
b. (as modifier): open-market value

Open Market

(Open Market, Inc., Cambridge, MA) A software company founded in 1994 by Shikar Ghosh and David Gifford that specialized in Web e-commerce. Its Transact system enabled Web servers to conduct secure order fulfillment using credit cards and other payment systems. Open Market was the first company to provide a single point of access control, user authentication and financial processing to multiple content servers (online storefronts, cybermalls, internal websites, etc.). In 2001, the company was acquired by divine, inc., which two years later, sought bankruptcy protection. Its content management assets were sold to FatWire Software, Mineola, NY (www.fatwire.com) in 2003.
References in periodicals archive ?
Based on the Form-4 Filing, both appear to be an open market purchases and there were no footnotes or special circumstances described in the filings.
Based on the Form-4 Filing, both INLD transactions appear to be open market purchases and there were no footnotes or special circumstances described in the filings.
will make no purchases of Common shares other than open market purchases.
6 million shares of Maverick common stock in connection with the offering of the notes and in open market purchases through November 18.
Under its current normal course issuer bid that commenced on November 3, 2004 and expires on November 2, 2005, Fraser Papers has to date purchased 602,100 common shares through open market purchases on the Toronto Stock Exchange at an average price per share of C$12.
Pursuant to the buy back plan, Titan can make open market purchases from time to time over the next two years consistent with Securities and Exchange Commission rules.