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Firm quote |
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Firm quoteA definite price on a round-lot bid or offer declared by a market maker on a given security and not identified as a nominal quotation (therefore is not negotiable).Firm quote Similar MatchesPoints quotePoints quoteAn abbreviated form of the outright quote used by traders in the interbank market. Quoted companyQuoted companySee: 'listed company'. At quoteAt 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. AutoquoteAutoquoteAutoquote indicative prices are generated for many of the financial options contracts traded at LIFFE using standard mathematical models as derived by Black and Scholes and Cox, Ross, Rubinstein. Autoquote calculates prices for all series by processing variables captured in real-time from other systems and trading members each time the underlying price changes. Autoquotes indicate where a series may trade, given the current level of the underlying instrument. Direct quoteDirect quoteFor foreign exchange, the number of US dollars needed to buy one unit of a foreign currency. Further Suggestionsmandatory quote periodIndirect quote Quote rule Outright quote Consolidated Quote System minimum quote size |
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