Bid Wanted In Competition - BWIC


DEFINITION of 'Bid Wanted In Competition - BWIC'

A situation where an institutional investor submits its bond bid list to various securities dealers. In a bid-wanted-in-competition situation, the dealers are allowed to make bids on the listed securities. The dealers with the highest bids are then contacted.

BREAKING DOWN 'Bid Wanted In Competition - BWIC'

This approach works best on more-liquid securities. For situations where less-liquid bonds are involved, an investor uses a dealer similarly to a broker. An order with a predefined spread range is submitted to a dealer, and it is up to the dealer to fill that order within a limited timespan.

  1. Liquidity

    The degree to which an asset or security can be quickly bought ...
  2. Bond

    A debt investment in which an investor loans money to an entity ...
  3. Dealer

    A person or firm in the business of buying and selling securities ...
  4. Broker-Dealer

    A person or firm in the business of buying and selling securities, ...
  5. Agent

    1. An individual or firm that places securities transactions ...
  6. Brand Identity

    Brand identity is the way a business wants consumers to perceive ...
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