This type of quote provides more information to users than a last-trade quote, which quotes only the price at which the security last traded.
An example of a two-way quote would be: Citigroup quote of $52.50/$53.30.
This tells traders they can currently purchase Citigroup shares for $53.30 or sell them for $52.50. The spread between the bid and the ask is $0.80 ($53.30-$52.50).
Investment dictionary. Academic. 2012.
Look at other dictionaries:
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