Buy Quote

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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
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    The goals of covered interest arbitrage include enabling investors to trade volatile currency pairs without risk as well ... Read Full Answer >>
  3. Where did the term 'pip' in currency exchange come from?

    The term pip is an acronym for percentage in point or price interest point. It measures a unit of change within a pair of ... Read Full Answer >>
  4. How do changes in national interest rates affect a currency's value and exchange ...

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  5. What is the difference between pips, points, and ticks?

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