Direct Quote

A direct quote is a price quotation that is given by a market maker or dealer for a security or commodity. The quote is usually given in the form of a bid and an ask price. The bid price is the price at which the market maker or dealer is willing to buy the security or commodity, and the ask price is the price at which the market maker or dealer is willing to sell the security or commodity. The difference between the bid and ask prices is called the bid-ask spread.