Bid size is sometimes known as the quote size, a bid size is related with the quantity of shares and stocks that are being offered at a particular bid price per share, but they are offered in terms of blocks of shares. Along with the ask size, the bid size is known as an excellent means of measuring the potential short term performance of the stocks, that helps to identify both upward and downward trends.
Traders take help in ascertaining upcoming trends
The use of bid size is found to be very helpful in the process of ascertaining upcoming trends, for the traders who deal with such major stock exchanges as the NYSE and AMEX. This is due to the fact that through the use of specialists both of those exchanges functions on a basis of maintaining some degree of balance in the relationship between the buying and selling of orders.
