Indicative Quote

Indicative Quote

An FYI quote on a security offered by a market maker. While the quote is not firm and is subject to change, it presents the general range in which the real price is likely to lie.
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References in periodicals archive ?
"Our new quick Quote feature for boilers only takes around 30 seconds to complete, providing an indicative quote.
So perhaps the most indicative quote from the Korean Foreign Ministry official who sought to explain his government's various policies was "What else can we do?"
Under the final category, an indicative quote exists when a price quote for an instrument is available from at least one broker, dealer, or pricing service (including a price provided only to certain customers or to subscribers) and the price quote is not a firm quote.
Finally, property is now also considered publicly traded when it has an indicative quote, i.e., when at least one broker, dealer, or pricing service quotes a price for the property and the quote is not a firm quote.
A dealer or broker may quote a firm price that enables a customer to buy or sell at that firm price subject to volume limitations, which is referred to as a "firm quote." A dealer, broker, or listing service may also quote a price that indicates a willingness to buy or sell a specific debt instrument but not necessarily at the specified price (referred to as an "indicative quote").
An indicative quote is a price provided by brokers or dealers without assurance that any party is actually willing to buy or sell at that price (see New York State Bar Association Tax Section, Report on Definition of "Traded on an Established Market" Within the Meaning of Section 1273 (August 12, 2004) (NYSBA Report)).
Global Partners will be ascertaining the viability of municipal aggregation for the city by analyzing load data and soliciting sample indicative quotes from power suppliers.
Firstly, the $104.2b valuation of Facebbok drives up target price of Mail.ru: our valuation would increase by 5% from $37 to $38.7 per share (we initially valued Mail.ru stake in Facebook at $1.7b, based on Sharepost indicative quotes).
Prices can be affected by a number of technical factors in addition to credit risk, and indicative quotes are available (at this time) only through limited, institutional-investor-only information services.