Market Quotation: A market quotation is the current price at which an asset can be bought or sold in the financial market. Quotations provide information on the bid price (buyer’s price) and the ask price (seller’s price) and form the basis for transactions.

Components of a Quotation:

• Bid Price: The price at which a buyer is willing to purchase an asset. If you want to sell the asset, you can do so at the bid price.

• Ask Price: The price at which a seller is willing to sell an asset. If you want to buy the asset, you can do so at the ask price.

• Spread: The difference between the bid price and the ask price. The spread is an indicator of market liquidity: the smaller the spread, the higher the liquidity, and vice versa.

Quotations are updated in real-time based on market supply and demand. They are a key element of exchange trading and are used to determine the value of various financial instruments such as stocks, bonds, currencies, and commodities.