Basis Quote


Basis Quote
A method for simplifying and shortening the quoted price of a futures contract. Used in the futures markets, a basis quote gives the variation above or below the price of a futures contract.

For example, a basis quote for pork bellies at $3 above January expiry can easily be converted to the actual price by finding the price of a January pork belly contract and adding $3 to the price.


Investment dictionary. . 2012.

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  • quote — An indication of current bids and offers in the market on a particular contract or spread. Chicago Mercantile Exchange Glossary The highest bid price and the lowest offer price for a security at any particular time. An offer to buy or sell a… …   Financial and business terms

  • quote-driven — A service that does not allow automatic execution. Trading of quote driven securities is conducted via telephone dealing. London Stock Exchange Glossary * * * quote driven ˈquote ˌdriven adjective FINANCE a quote driven financial market is one in …   Financial and business terms

  • Basis point —   A one one hundredth of one percent (i.e., 0.01%), used to express interest rates and bond yield differentials (7.500/o 7.15% = 0.35% or 35 basis points). It is a measure of the difference between a base rate and another rate. The points are one …   International financial encyclopaedia

  • quote — [14] Latin quot meant ‘how many’. From it was derived the adjective quotus ‘of what number’, whose feminine form quota was used in post classical times as a noun, denoting literally ‘how great a part’ – whence English quota [17]. Quotus also… …   The Hutchinson dictionary of word origins

  • quote — [14] Latin quot meant ‘how many’. From it was derived the adjective quotus ‘of what number’, whose feminine form quota was used in post classical times as a noun, denoting literally ‘how great a part’ – whence English quota [17]. Quotus also… …   Word origins

  • Bond Quote — The price at which a bond is trading. A bond quote is typically expressed as a percentage of par value, with the percentage converted to a point scale. The price that someone is willing to pay for the bond is always given in relation to 100, or… …   Investment dictionary

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  • Bank Discount Basis — A quoting convention used by financial institutions when quoting prices for fixed income securities sold at a discount, particularly U.S. Government issues. The quote is presented as a percentage of face value, and is determined by discounting… …   Investment dictionary

  • Canadian and American health care systems compared — basis ($2724 and $2121 on a non adjusted basis); total U.S. spending was US$6096 vs. US$3137 (PPP) ($6096 and $3038 on a non adjusted basis).] Studies have come to different conclusions about the result of this disparity in spending. A 2007… …   Wikipedia


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