MS Bahasa Melayu
A re-quote takes place when a broker is unable to confirm a trade that is entered at a certain bid or ask price. Re-quotes tend to occur in volatile markets, especially when a highly impactful economic indicator is released. In these instances by the time a trade is received the price may have already changed, making it necessary for the broker to re-quote a different price to the trader. Usually a re-quote will involve a higher ask price and a lower bid price.