• Quotes mean the recent selling price of any asset traded on the market.

  • The definition of quotes also includes the maximum, minimum, open and close values for a given day.
  • Most asset classes list an asking price, which determines the final sale price and initial bid. The bid is the highest price a buyer is willing to pay, and the ask is the lowest price a seller is willing to receive.
  • Volatility in the markets will set in motion the mechanisms of supply and demand, undermining quotes.