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Quotation

• A quotation, or quote, refers to the current price of a security, be it either the highest bid price for that security or the lowest ask price, as provided by a broker or dealer.

• Also known as Quote. The current price being offered for a particular stock. See also: Ask; Bid; Bond Quote; Stock Quote.

• The bid and offered prices a dealer is willing to buy or sell at.

 
 Embedded terms in definition
 Ask price
Ask
Bid price
Bid
Bond quote
Bond
Broker
Buy
Dealer
Prices
Quote
Security
Sell
Stock quote
Stock
 
 Referenced Terms
 Ask: Also known as an Ask Price or Offer Price. The price a seller is currently willing to accept for a particular security. On NASDAQ, this is the price at which a Market Maker is willing to sell a stock. See also: Bid; Quotation.Is the price requested, at the minimum, for an order to be acceptable and executed for the seller.This is the quoted ask, or the lowest price an investor will accept to sell a stock. Practically speaking, this is the quoted offer at which an investor can buy shares of stock; also called the offer price.

 Bid: The price at which a buyer offers to buy a security.The price the dealer offers to buy securities. The bid price is typically lower the ask price which represents the dealer s selling price.An indication by an investor, a trader or a dealer of a willingness to buy a security or commodity. The price at which an investor can sell to a broker-dealer. The quoted bid is the price at which a Market Maker is willing to buy a stock. See also: Best Bid; Quotation.Is the price that a buyer is willing to pay.

 Bond quote: One of a number of Quotations listed in the financial press and most daily newspapers that provide representative bid prices from the previous day's bond market. Quotes for corporate and government bonds are percentages of the bond's face value (usually $1,000). Corporate bonds are quoted in increments of 1/8th, where a quote of 99 1/8 represents 99.125% of par ($1,000), or $991.25. Government bonds are quoted in 1/32nds. Municipal Bonds may be quoted on a dollar basis or on a yield-to-maturity basis. See also: Quotation; Stock Quote.

 Cash price: Price Quotation in the cash market (for immediate delivery).

 Market surveillance: The department responsible for investigating and preventing abusive, manipulative, or illegal trading practices on The NASDAQ Stock Market. Considerable resources are devoted to surveilling The NASDAQ Stock Market. A vast array of sophisticated automated systems reviews each trade and price Quotation on an on-line, real-time basis. Off-line computer-based analyses are conducted to evaluate trading patterns on a monthly, weekly, and daily basis.

 
 Related Terms
 National association of securities dealers automated quotation system

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