what is a quote 
a quote is the last price at which an asset traded it is the most recent price that a buyer and seller agreed upon and at which some amount of the asset was transacted the bid quote is the most current price and quantity at which a share can be bought the bid quote shows the price and quantity of which a current buyer is willing to purchase the shares the ask quote shows what a current participant is willing to sell the shares for a quote is also referred to as an asset s quoted price understanding quotesquotes for assets change throughout the trading day as new transactions occur one after another in a continual stream of trades 