indicative quote
A forex rate provided by a market maker upon an inquiry from a customer or another professional counterparty that can be changed before a Transaction actually occurs. For example, when asked for an indicative quote in EUR/USD, a market maker might say 1.4040/45, but their firm Dealing price might change to 1.4045/50 without any obligation to honor the original quote. Also called price indication or indication.
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indirect quote
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