Spread

The gap between bid and ask, often expressed in basis points.

Formula / readout

Spread bps = ((ask - bid) / mid-price) × 10,000

Why it matters

Borsalia uses this term across the market, symbol, research, and terminal surfaces to help users read the Moroccan market more quickly.

When the underlying data is verified, it is shown normally. When it is partial or delayed, Borsalia prefers a conservative display over a misleading estimate.