Nominal quotation

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).

Nominal Quote

A quote for the price of a security in which the price is subject to change. Market makers occasionally make nominal quotes for valuation purposes only. It may also refer to a quote that is not an offer, but simply supplied for informational purposes.
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Based on "Guidelines on Improving Electrical Transactions across Regions," this kind of transaction is mainly carried out among electricity grids, electricity grids and electricity plants by means of offering nominal quotation, appointing proxy, bidding together and so on.