A quoted asset is an asset whose price is determined on an exchange or other market. A quoted asset can be any financial instrument that is assigned a market price through a trading system. An example of a quoted asset could be a currency in the Forex market or a stock on a stock exchange. In the context of a currency pair in Forex, the quoted asset (also known as the “quoted currency”) is the currency whose price is quoted in another currency (for instance, in the EUR/USD pair, USD is the quoted currency).