- The best available price to buy a security at any given time throughout the trading session. Brokers are required to provide customers the best available prices, or the National Best Bid and Offer (NBBO). Simply put, the buy quote is the number that represents the price of the security.
In forex, the buy quote is displayed on the right side of the price quote and represents the price at which customers can purchase the base currency. For example, in the GBP/USD forex pair, a quote of 1.6253/55, a customer could buy the base currency (GBP) for $1.6255.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
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
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quote book — An electronic facility operated by the Exchange. A quote book facilitates the display of buy and sell quotes made by market makers. London Stock Exchange Glossary … Financial and business terms
Financial quote — A Financial Quotation refers to specific Market data relating to a security or commodity. While the term quote specifically refers to the bid or ask of an instrument, it may be more generically used to relate to the last price which the security… … Wikipedia
indirect quote — For foreign exchange, the number of units of a foreign currency needed to buy one U.S. dollar. Bloomberg Financial Dictionary An indirect quote in the foreign currency market is where the quote is expressed in terms of US$1, with the other… … Financial and business terms
Portal:Drink/Selected quote — These are the articles that are featured on the Drink Portal main page. If you wish to add an article, you will be expected to make a good faith effort to address objections that are raised. Consensus must be reached for an article to be promoted … Wikipedia
direct quote — For foreign exchange, the number of US dollars needed to buy one unit of a foreign currency. Bloomberg Financial Dictionary A direct quote arises in the foreign currency markets where the variable currency is the US dollar and the other currency… … Financial and business terms
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Firm Quote — A price quote on a security, made by a dealer or market maker, that guarantees a bid or ask price up to the amount quoted. This differs from a nominal quote wherein the price and quantity of a bid or ask quote are not firmly posted. For example,… … Investment dictionary