Requote

In trading, a requote occurs when a securities broker is unable to perform a transaction at the bid price or ask price stated in their quotation.

Requotes are relatively common in forex and CFD trading, where a high level of exposure to fluctuations in market rates is typical.

If, for example, the exchange rate of a currency pair climbs so quickly that the quotation provided becomes obsolete by the time an investor is finished placing an order with an investor, the broker may no longer be able to execute the trade at the quoted price. In this case they will provide the investor with a requote. The investor can then decide whether or not to follow through with the order at the new rates.

More on this topic:
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