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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

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.
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References in periodicals archive ?
Larger-than-seasonal open market purchases from the end of July to the end of December supplemented the discount policy, raising Federal Reserve Bank credit outstanding $563 million to $1,655 million.
The repurchase program authorizes Air Group to buy its common stock from time to time through open market purchases, negotiated transactions or other means, including accelerated share repurchases and 10b5-1 trading plans in accordance with applicable securities laws.
InterDigital under the new programme may similarly buy stock regularly via open market purchases, pre-arranged trading plans or privately-negotiated transactions, as it did previously.
International Resource News-November 4, 2010--Eternal Energy Corporation stops open market purchases of common stock(C)1994-2010 ENPublishing - http://www.enpublishing.co.uk
The board of directors AerCap Holdings NV (NYSE:AER) on Wednesday authorised the repurchase of up to USD200m of its ordinary shares through 31 December 2019 in open market purchases or privately negotiated transactions in accordance with applicable US federal securities laws.
Consistent with this outlook, we intend to utilize a portion of our remaining $250 million share repurchase authorization via open market purchases in the Q1."
Repurchases under such programs are subject to regulatory limitations and may occur from time to time in open market purchases, block transactions, accelerated share repurchase programs or similar facilities.
The authorisation has no expiration date and allows the company to repurchase its shares via open market purchases, privately negotiated transactions or otherwise.
The company also plans to initiate a share repurchase plan of up to USD300m through open market purchases on NASDAQ by the end of 2010.
Aflac noted the recent media reports and confirms that it is engaged in discussions with Japan Post Holdings regarding a potential minority investment in Aflac achieved through open market purchases. The discussions do not involve Aflac or any of its subsidiaries becoming a member of the Japan Post Group.
The board of directors of RH (NYSE:RH), a luxury lifestyle company, on Thursday approved the repurchase of up to USD700m of its common stock through open market purchases, privately negotiated transactions or other means, including through Rule 10b5-1 trading plans.