Business, Legal & Accounting Glossary
The instruction a client gives a broker to obtain a quote from a market maker on the price for a particular share. e.g. ‘3,000 shares in Halifax at quote’.
The broker will check the bid and offer prices with a market maker and report back to the client. The client then has thirty seconds or so to place an order, and if he fails to do so the quotes lapse and the market maker will not be held to them.
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This glossary post was last updated: 26th April, 2020 | 1 Views.