Firm quote

firm quote
securities industry term referring to any round lot bid or offer price of a security stated by a market maker and not identified as a nominal (or subject) quote.

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Firm Quote
A quote by a market maker for a security which requires the market maker to purchase or sell a round lot of the security at the quoted bid or offer.

Firm quote
A quote whose price is guaranteed. That is, market participants are obliged to deal at the displayed prices or volumes, when their quotes are firm. Firm quotes are displayed during the mandatory quote period.

Firm quote
A firm quote includes a bid and ask price at which a market maker is willing to trade a specific quantity - 100 shares of stock, for example. For example, a firm quote of 42.50/42.70 means that the market maker will pay $42.

Firm quote
A definite price on a round-lot bid or offer declared by a market maker on a given security and not identified as a nominal quotation (therefore is not negotiable).

Firm quote: A quote committing the firm to buy or sell at least 100 shares of stock or 5 bonds at the stated price. All quotes are assumed to be firm unless otherwise specified.

Ask to see samples of their work and ask for a firm quote up front. Then find a trusted Internet-savvy individual or webmaster critique their proposal.

In the context of general equities, (1) order to buy or sell for the proprietary account of the broker-dealer firm; (2) buy or sell order not conditional upon the customer's confirmation.
Firm quote ...

In other words, when a market maker provides an indicative quote to a trader, the market maker is not obligated to trade the given currency pair at the price or the quantity stated in the quote. Contrast this to a firm quote, ...

See also: Banks, Federal reserve board, Saving, Debt security, Expense