Corner A Market
To acquire enough shares of a particular security type, such as those of a firm in a niche industry, or to hold a significant commodity position to be able to manipulate its price. An investor needs deep pockets to be able to corner a market.
It can also mean to accumulate a major share of economic activity in a particular area. A phone company that dominated 90% of the wireless market could be said to have cornered the market.
The Securities and Exchange Commission and Commodity Futures Trading Commission regulate and monitor the securities and commodities markets, and attempt to prevent and prosecute illegal trading behavior. Large institutions can often corner a market through legal means. A company that has cornered the market has a significant competitive advantage. However, any time a company has a large market share, it may be scrutinized by the Department of Justice's Antitrust Division - especially if competitors complain. Indeed, Microsoft faced such a fate because of its large share of the computer operating system market.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
corner the market — Ⅰ. corner the market (in sth) ► to get control of an area of business so that it is difficult for other companies to be successful in it: »Small low cost airlines have cornered the market in cheap flights. Main Entry: ↑corner Ⅱ. corner the market … Financial and business terms
corner a market — If a business is dominant in an area and unlikely to be challenged by other companies, it has cornered the market … The small dictionary of idiomes
corner the market — index monopolize Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
corner the market — verb a) To monopolize a resource or commodity, as with the intent of driving up prices. Why, there aint going to be any wheat left in Chicago by May! If I get in now and buy a long line of cash wheat, where are all these fellows whove sold short… … Wiktionary
corner the market — become the main supplier, have a monopoly Japanese automakers are trying to corner the luxury car market … English idioms
corner the market — If a company dominates an area of business, and leaves no room for competition, it is said to have cornered the market. By importing large quantities and selling at low prices, they have cornered the market … English Idioms & idiomatic expressions
corner a market — If a business is dominant in an area and unlikely to be challenged by other companies, it has cornered the market. (Dorking School Dictionary) … English Idioms & idiomatic expressions
corner the market — to become so successful at selling or making a particular product that almost no one else sells or makes it. They ve more or less cornered the fast food market they re in every big city in the country … New idioms dictionary
Corner a market — If a business is dominant in an area and unlikely to be challenged by other companies, it has cornered the market … Dictionary of English idioms
Corner A Market — To purchase enough of the available supply of a commodity or stock in order to manipulate its price. The New York Times Financial Glossary … Financial and business terms