Nominal Quotation


DEFINITION of 'Nominal Quotation'

A quote generated by a futures exchange or broker for contracts that have not traded for a specific period of time.

Also referred to as a "nominal quote" or "nominal price".

BREAKING DOWN 'Nominal Quotation'

This figure is calculated differently by each exchange or broker. Typically, it will be some average between the bid and asking prices, and it is necessary for determining margin positions.

  1. For Valuation Only - FVO

    A notation placed in front of a security's price quote denoting ...
  2. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  3. Basis Quote

    A method for simplifying and shortening the quoted price of a ...
  4. Ask

    The price a seller is willing to accept for a security, also ...
  5. Commodity

    1. A basic good used in commerce that is interchangeable with ...
  6. Bid

    1. An offer made by an investor, a trader or a dealer to buy ...
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