Buy Quote

DEFINITION of 'Buy Quote'

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.

BREAKING DOWN 'Buy Quote'

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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RELATED FAQS
  1. How is spread calculated when trading in the forex market?

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  3. Why is currency always quoted in pairs?

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