microstructure

Quote

In market microstructure, a quote is the displayed price at which a market participant is willing to transact, typically shown as a bid (the price a participant is willing to pay) and an ask (the price a participant is willing to accept).

Example: In a real-time feed, a quote shows a bid of $101.25 with size 1,200 and an ask of $101.30 with size 1,500.

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