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Brokers give re-quotes when the requested price a trader is trying to execute a trade at is no longer available. This typically occurs in fast moving, volatile markets. In these instances a new price is re-quoted to the trader, which is ordinarily higher for a buy trade and lower for a sell trade. Limit orders are a useful way to avoid re-quotes, however they come with their own risks as in volatile markets the may not be executed at all.


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