Question Details

	Username: Peter Rating: Asked to: Chaoxiang Lee Date Created: 03 Feb 2016
Category	17
Tag	Financial
Question	Please give the definition of 'Buy Quote'.

Advice from Guru

Hi Peter,

The best available price to buy a security at any given time throughout the trading session. Brokers are required to provide customers the best available prices, or the National Best Bid and Offer (NBBO). Simply put, the buy quote is the number that represents the price of the security.

In forex, the buy quote is displayed on the right side of the price quote and represents the price at which customers can purchase the base currency. For example, in the GBP/USD forex pair, a quote of 1.6253/55, a customer could buy the base currency (GBP) for $1.6255.

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