Series 7: 3.4.1.2. Nominal Bids

Taken from our Series 7 Online Guide

3.4.1.2. Nominal Bids

A nominal quotation is one which offers an approximate price around which a dealer indicates its potential willingness to purchase securities. It is provided for informational purposes only, offering the dealer’s expectation of the market value of an issue without being an actual bid or offer. A nominal bid is also cal

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