What's Indicative Price Mean?

An indicative quote is a reasonable estimate of a currency's current market price that is provided by a market maker to an investor upon request. ... An indicative quote is in direct contrast to a firm quote, which is guaranteed by the market maker.

What does indicative price mean?

The indicative match price is the best price at which the greatest number of buy and sell orders can be traded during a securities auction. The indicative match price is important to price discovery, which is the process for setting the current price of a security.

What is indicative bid price?

(1) Bid and offer price provided by a market maker for the purpose of evaluation or information, not as firm bid or offer price at which she is willing to trade. Also called Nominal Quotation. Compare to Firm Price. ... See also Subject Bid or Offer, Work-Out Market.