what is quotation 
quotations refer to the most recent sale price of a stock bond or any other asset traded in addition most asset classes also quote the bid and ask price that determines the final sale price the bid is defined as the highest price a buyer is willing to pay for the assets while the ask is the lowest price a seller is willing to accept for selling it s common for stable liquid assets to record narrow bid ask spreads in a normal trading environment however the pair will usually divert following systemic concerns like geopolitical events or broad market downturns the onset of volatility and uncertainty moves the supply and demand mechanisms undermining quotations into flux 