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Quote rule |
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Quote ruleRule requiring market makers to publish quotations for any listed security when a quotation represents more than 1% of the aggregate trading volume for that security.Quote rule Similar MatchesQuoted companyQuoted companySee: 'listed company'. Indirect quoteIndirect quoteFor foreign exchange, the number of units of a foreign currency needed to buy one US dollar. Outright quoteOutright quoteA quote in which all the digits of the bid and offer prices are quoted. See: Points quote. 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. Direct quoteDirect quoteFor foreign exchange, the number of US dollars needed to buy one unit of a foreign currency. Further SuggestionsConsolidated Quote SystemPoints quote Autoquote Firm quote minimum quote size mandatory quote period |
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