open market

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The amount and timing of any open-market purchases will be in sole discretion of the fund's management team, taking into account various factors including, market conditions, cash on hand, and the availability of other attractive investments.
Standard & Poor's expects the company to draw less than 50% of its annual premium income from open-market reinsurance over the next three years.
The site also incorporates Smith Market Watch(TM), Smith & Associates' popular open-market pricing service that first debuted in 1997.