Mandatory quote period

Mandatory quote period

On the London Stock Exchange, the period during which all registered market-makers are obliged to display prices.

In this period market makers on the Exchange’s quote driven SEAQ and SEAQ International services are obliged to make a firm two-way quote for the securities in which they are registered. This is 0800-1630 hours for SEAQ and 0930-1530 hours for SE.

References

London Stock Exchange period names


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  • mandatory quote period — The period during the day when a market maker must make firm (that is, guaranteed), two way (buy and sell) prices in the shares in which they are registered. It varies from market to market. Practical Law Dictionary. Glossary of UK, US and… …   Law dictionary

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  • 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). Bloomberg Financial Dictionary A market maker s quote which is a price which… …   Financial and business terms

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  • market maker — An individual or entity that stands ready to buy or sell financial instruments at all times. Market makers quote both a bid and an offer price to the market. Market makers provide liquidity to markets. They profit from the spread between bid and… …   Financial and business terms

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  • market maker — Generally, a person who holds himself out on the financial markets on a continuous basis as being willing to deal on own account by buying and selling financial instruments against his proprietary capital at prices defined by him. In the UK, a… …   Law dictionary

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