mandatory quote period

mandatory quote period
The period during the day when a market maker must make firm ( i.e. guaranteed), two-way ( i.e. buy and sell) prices (See firm price) in stocks in which they are registered. It varies from market to market. For domestic SEAQ, it runs from 9.00 a.m. to 4.30 p.m. Dresdner Kleinwort Wasserstein financial glossary
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mandatory quote period ( MQP)
On the London Stock Exchange, the period during which all registered market-makers are obliged to display prices. Exchange Handbook Glossary
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mandatory quote period ( MQP)
The period during which market makers on the Exchange's quote driven SEAQ and SEAQ International services are obliged to make a firm two-way quote for the securities in which they are registered. This is 0800-1630 hours for SEAQ and 0930-1530 hours for SE.
+ MQP
Firm Quoted MQP London Stock Exchange Glossary

Financial and business terms. 2012.

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  • mandatory quote period — The period during the day when a market maker must make firm (that is, guaranteed), two way (buy and sell) prices in the shares in which they are registered. It varies from market to market. Practical Law Dictionary. Glossary of UK, US and… …   Law dictionary

  • Mandatory quote period — On the London Stock Exchange, the period during which all registered market makers are obliged to display prices. In this period market makers on the Exchange’s quote driven SEAQ and SEAQ International services are obliged to make a firm two way… …   Wikipedia

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  • market maker — An individual or entity that stands ready to buy or sell financial instruments at all times. Market makers quote both a bid and an offer price to the market. Market makers provide liquidity to markets. They profit from the spread between bid and… …   Financial and business terms

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