mandatory quote period


mandatory quote period
The period during the day when a market maker must make firm (that is, guaranteed), two-way (buy and sell) prices in the shares in which they are registered. It varies from market to market.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • mandatory quote period — The period during the day when a market maker must make firm ( i.e. guaranteed), two way ( i.e. buy and sell) prices (See firm price) in stocks in which they are registered. It varies from market to market. For domestic SEAQ, it runs from 9.00… …   Financial and business terms

  • Mandatory quote period — On the London Stock Exchange, the period during which all registered market makers are obliged to display prices. In this period market makers on the Exchange’s quote driven SEAQ and SEAQ International services are obliged to make a firm two way… …   Wikipedia

  • mandatory quote period — (U.K.) Fin a period of time during which prices of securities must be displayed in a market …   The ultimate business dictionary

  • firm quote — A definite price on a round lot bid or offer declared by a market maker on a given security and not identified as a nominal quotation (therefore is not negotiable). Bloomberg Financial Dictionary A market maker s quote which is a price which… …   Financial and business terms

  • indicative quote — A market maker s price which is not firm. Exchange Handbook Glossary A quote whose price and volume are not guaranteed. That is, market participants are not obliged to deal at the displayed prices or volumes, when their quotes are indicative.… …   Financial and business terms

  • MQP2 — Mandatory Quote Period with Order Deletion at Start London Stock Exchange Glossary …   Financial and business terms

  • SQAL — Mandatory Quote period with Auction Call London Stock Exchange Glossary …   Financial and business terms

  • MQP — See mandatory quote period. Dresdner Kleinwort Wasserstein financial glossary mandatory quote period (MQP) On the London Stock Exchange, the period during which all registered market makers are obliged to display prices. Exchange Handbook… …   Financial and business terms

  • market maker — An individual or entity that stands ready to buy or sell financial instruments at all times. Market makers quote both a bid and an offer price to the market. Market makers provide liquidity to markets. They profit from the spread between bid and… …   Financial and business terms

  • market-maker — An individual or entity that stands ready to buy or sell financial instruments at all times. Market makers quote both a bid and an offer price to the market. Market makers provide liquidity to markets. They profit from the spread between bid and… …   Financial and business terms


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