indicative quote


Definition
A type of currency quote provided to an investor from a market maker that may be changed prior to a transaction. The market maker is not obligated to honor the quote. Market makers might provide an indicative quote if an investor indicates the possibility of a currency trade, but does not indicate the volume of the transaction. Investors can use indicative quotes as an estimate of the exchange rate for a particular currency trade.


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indicative quote is ...

... part of the Forex subject.

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