Definition of 'Quote'
There are two main types of quotes: bid and ask. The bid price is the highest price that a buyer is willing to pay for a security, while the ask price is the lowest price that a seller is willing to accept. The difference between the bid and ask prices is called the bid-ask spread.
Quotes can be displayed in a variety of formats. The most common format is the "x.xx" format, which shows the price of a security to the nearest cent. For example, a stock price of $100.00 would be displayed as "100.00".
Another common format is the "x.yy" format, which shows the price of a security to the nearest tenth of a cent. For example, a stock price of $100.01 would be displayed as "100.01".
Quotes can also be displayed in a percentage format. For example, a stock price that has increased by 1% would be displayed as "+1%".
Quotes are an important part of the financial markets. They provide investors with the information they need to make informed trading decisions.
Do you have a trading or investing definition for our dictionary? Click the Create Definition link to add your own definition. You will earn 150 bonus reputation points for each definition that is accepted.
Is this definition wrong? Let us know by posting to the forum and we will correct it.