Series 53: Out-Firm Quotes

Taken from our Series 53 Online Guide

Out-Firm Quotes

Dealers may offer firm quotes with attached restrictions. A quote may be good for one hour or a day, for example, or it may require immediate execution. Firm quotes may also have a recall provision. An out-firm quote, or firm with recall, will be firm for a specified period, usually an hour, with a five-minute recall provision. The recall provision allows the party supplying the quote to force the other party to make a decision within a five-minute period or the

Since you're reading about Series 53: Out-Firm Quotes, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 53
Please Enable Javascript
to view this content!