CurrencySterling Currency Risk European Terms Dealer Take Profit order Crown Currencies
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In the world of finance, it is common to encounter the term "quotes" in reference to trade systems. Essentially, a quote is the price at which a security or asset is currently being bought or sold in the market. What some may not realize is that there are two types of quotes - requested and unrequested. When a client receives a quote without making a specific request, it is known as an unsolicited quote. This allows the client to make transactions as desired, without having to manually request quotes for each transaction.
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