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Investopedia explains 'Market Versus Quote - MVQ'
A trading instrument's market versus quote value can provide an indication of the type of liquidity under which the instrument trades. Higher values can signal a thinly-traded instrument that may be more challenging to trade; smaller values may identify instruments that trade under high volume and good liquidity, making them ideal candidates especially for active traders and short-term traders. For example, assume that stock ABC last traded at $42.50 per share and the current bid-ask prices are $42.48 and $42.52, respectively, has a MVQ value of 2 cents, considered a small value and indicating a liquid instrument. Stock XYZ, on the other hand, last traded at $42.50 but has bid-ask prices of $41.50 and $43.50 has a MVQ value of $1, considered a large value and indicating an illiquid trading instrument.
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