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Quote

• See Quotation.

 
 Embedded terms in definition
 Quotation
 
 Referenced Terms
 Away: A trade, Quote, or market that does not originate with the dealer in question, for example, "the bid is 98 10 away (from me)."A trade, Quote, or market that does not originate with the dealer in question, e.g., the bid is 98-10 away from me.

 Away: A trade, Quote, or market that does not originate with the dealer in question, for example, "the bid is 98 10 away (from me)."A trade, Quote, or market that does not originate with the dealer in question, e.g., the bid is 98-10 away from me.

 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.

 Change: (1) For an option or futures contract, the difference between the current price and the previous day's settlement price. (2) For an index or average, the difference between the current value and the previous day's market close. (3) For a stock or bond Quote, the difference between the current price and the last trade of the previous day.

 Handle: The whole-dollar price of a bid or offer is referred to as the handle. For example, if a security is Quoted 101-10 bid and 101-11 offered, 101 is the handle. Traders are assumed to know the handle, so a trader would quote that market to another by saying he was at 10-11. (The 10 and 11 refer to 32nds).The whole-dollar price of a bid or offer is referred to as the handle (ie. if a security is Quoted at 101.10 bid and 101.11 offered, 101 is the handle). Traders are assumed to know the handle.

 
 Related Terms
 Bond quote
Direct quote
Indirect quote
No quote
Stock quote

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