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Glossary

Q

A B C D E F G H I K L M N O P Q R S T U V W Y Z
 
 
Quotation
The price quoted by a market-maker at which he/she will trade.
Quotation size
The maximum number of shares per order of a particular security that a Market Maker is willing to buy or sell at his or her current price.
Quote-driven system
A service that does not allow automatic execution. Trading of quote-driven securities is conducted via telephone dealing.