requote

Definition

Occurs when an investor initiates a trade at a certain price, but the broker returns the request with a different quote. This occurs more frequently in fast-moving markets, when the markets are especially volatile, or when the trade is especially large (requiring confirmation from the trader). This is normally because of rapid price fluctuations, which means the broker cannot give you the same price you saw when you clicked buy or sell.

Use requote in a sentence

You should try and find a good requote if you need to get rid of something quickly to get more liquidity.

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Although Dan asked to trade the stock in at $14.98 a share, Jeremy rejected this price and asked for a requote.

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John was asked for a requote on his trade request. Because it was so large, the initial price no longer worked and he needed it quoted again.

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