Firm Quote
a.k.a. Firm price
A price a dealer is committed to trade at, for a stated size, if you accept it.
In plain English
A price a dealer is committed to trade at, for a stated size, if you accept it.
A firm quote is a real offer, not a guide. If you hit it within the stated size and time, the dealer must trade.
The opposite is an indicative quote, which shows roughly where the market is but is not guaranteed.
Keep this word for good
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