      Floor Broker A got a price improvement; instead of buying the stock at95 1/4 (the posted offer) he bought at 95 1/8. The reasons that floorBroker B may have wanted to hit the bid may vary. For example, he may knowthat there is a very large seller of stock in the crowd and if he waits toexecute his sale at 95 1/4 he may not get filled before the stock loses alot of ground. He therefore opts to get rid of his stock at slightly lessthan the offer price in order to prevent this.