Quoted Price

The quoted price is the price at which a security is currently trading. It is the price that is displayed on the stock exchange or other trading platform. The quoted price is not always the same as the last trade price, as the quoted price can be updated more frequently than the last trade price.

The quoted price is important because it is the price that investors use to make decisions about whether to buy or sell a security. If the quoted price is higher than the last trade price, it indicates that there is more demand for the security and that the price is likely to continue to rise. If the quoted price is lower than the last trade price, it indicates that there is less demand for the security and that the price is likely to fall.

The quoted price is also important because it is used to calculate the daily change in a security's price. The daily change is calculated by subtracting the previous day's closing price from the current day's quoted price.

It is important to note that the quoted price is not always the same as the fair value of a security. The fair value is the price that a security would trade for if it were sold in an open and transparent market. The quoted price can be different from the fair value due to a number of factors, such as market volatility, liquidity, and investor sentiment.

The quoted price is a valuable tool for investors, but it is important to understand its limitations. The quoted price is not always the same as the last trade price, the fair value, or the future price of a security.