In trading, the quote is the price at which an asset was last traded, or the price at which it can currently be bought or sold.
The current price of most assets will be the same as the quote price, and will change throughout the day as the asset is bought and sold on exchanges or over the counter. Each time an asset is traded, its quote price gets updated.
Bid and ask quotes
Differing from the quote price (or market price, as it is also known), the bid and ask quotes are the prices at which an asset can be bought and sold. At IG, we refer to these as the buy and the sell prices.