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"AT QUOTE" mean compared to "EXCHANGE"


Guest Mitchell Brookes

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Guest Mitchell Brookes

Hi, can you explain when selling shares what does "AT QUOTE" mean compared to "EXCHANGE", what is the difference especially when trying to sell quickly,Thanks

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On 15/04/2021 at 16:37, Guest Mitchell Brookes said:

Hi, can you explain when selling shares what does "AT QUOTE" mean compared to "EXCHANGE", what is the difference especially when trying to sell quickly,Thanks

Hey, 

Thanks for your post. 

At quote means you can select the amount of shares or the money amount you want to buy/ sell for and you will get a quote directly from a market maker. 

On exchange means you will put an order into the market and it will sit on there until the conditions you set have been met. For example if you set a limit order to sell shares at a price of $100. Your shares will only be sold a $100 or better (for $100 or more). 

I hope this helps. 

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