Nominal Quotation (redirected from Nomenal Quote)

Nominal Quotation

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

Notes:

Also referred to as a nominal quote or price, 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.

See also: Ask, Basis Quote, Bid, CBOT, Commodity, Exchange, Futures Contract, Margin, Quote

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Nominal quotation

Used in the context of general equities. Bid and offer prices given by a market maker for the purpose of valuation, not as an invitation to trade; must be specifically identified as such by prefixing the quotes FYI (for your information) or FVO (for valuation only).