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Nominal Quotation

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Dictionary Says

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".
Investopedia Says

Investopedia explains '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.

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