Investopedia explains 'Touchline'
For example, if security A has various buyers who are bidding $5, $5.10 and $5.15 for it, the touchline bid price would be $5.15. At the same time, if security A has various sellers at $5.20, $5.30 and $5.35, the touchline ask price would be $5.20. The bid-ask spread on security A is therefore $5.15 (bid) / $5.20 (ask).
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