 | What is the definition of Re-quotes?
A re-quote is a market phenomenon where the original entry price of a trader’s order is rejected and a call made for the trader to buy the asset at a new price.
|  | TradersLaboratory decodes Re-quotes
Re-quotes usually occur when prices have moved away from the levels displayed on the trader’s platform screen. Re-quotes can occur for a number of reasons. Sometimes, there may be a delay in data transmission as a result of poor internet network. At other times, fast-paced market action can be so rapid that even when data transmission is ok, the price of the asset would have moved at the time of execution. The only way to avoid re-quotes is by using a broker with direct market access, such as ECN brokers. These offer prices from several liquidity providers with greater market depth so you can be sure your orders are always executed. |
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