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At quote |
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At quoteThe instruction a client gives a broker to obtain a quote from a market maker on the price for a particular share. e.g. '3,000 shares in Halifax at quote'.The broker will check the bid and offer prices with a market maker and report back to the client. The client then has thirty seconds or so to place an order, and if he fails to do so the quotes lapse and the market maker will not be held to them.Similar MatchesOutright quoteOutright quoteA quote in which all the digits of the bid and offer prices are quoted. See: Points quote. Points quotePoints quoteAn abbreviated form of the outright quote used by traders in the interbank market. Direct quoteDirect quoteFor foreign exchange, the number of US dollars needed to buy one unit of a foreign currency. Mandatory quote periodMandatory quote periodA term used on the London Stock Exchange which refers to the period of time during which market makers in a security are obliged to display their prices. For SEAQ (Stock Exchange Automated Quotations Service), the period is from 8.00 am to 4.30 p.m. Consolidated Quote SystemConsolidated Quote SystemA US system which collects and disseminates, electronically, current bid and asked quotations along with volume, from and to all market centers trading listed stocks. Further SuggestionsIndirect quoteminimum quote size Firm quote Quote rule quoted company Autoquote |
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