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open market
(redirected from Open-market)

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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 Web sites, 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.
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


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Managers who can accurately predict changes in their firms' share prices, and who willingly rearrange their portfolios by making open-market purchases or sales of their firms' shares, can limit their firm-specific risk exposure.
Additionally, the Board of Trustees has given the fund's management team the ability to purchase its common shares in open-market transactions, effective September 14, 2005.
Under this program, the company may repurchase up to an additional 55,000 shares in open-market transactions through December 31, 1998 at prevailing prices in open market transactions, subject to market conditions, share price and other considerations.
 
 
 
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