Indicative Quote
a.k.a. Indicative price
A price given as a rough guide to where the market is, not a firm offer to trade.
In plain English
A price given as a rough guide to where the market is, not a firm offer to trade.
An indicative quote says 'about here'. It is useful for checking value, but the dealer is not committed to trade at it.
Compare a firm quote, which is a real, tradable price.
Keep this word for good
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