Indicative Quote
A non-binding price quote that shows an approximate market rate but cannot be traded on directly.
Quick answer
An indicative quote is an approximate price that is not guaranteed for execution. Executable quotes are firm and tradable; indicative quotes just show where the market is.
Definition
An indicative quote shows an approximate market price but isn't guaranteed for execution. It gives traders an idea of current pricing without committing the market maker to trade at that level. Executable quotes are firm and tradable.
How It Works
- Shows approximate current market price
- Not binding - cannot execute at this price
- Common during low liquidity or market closures
- Firm/executable quotes are needed to trade
Trading Tips
1
Check if quotes are indicative or executable
2
Spreads may differ between indicative and firm quotes
3
Weekend quotes are typically indicative
Related Terms
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