In plain English
What Requote means
In dealer-style execution, a client may request a trade at one price, but by the time the broker processes it, the market price may have changed. The broker then rejects the old quote and offers a new one. The trader can accept the new price or abandon the order.
Why it matters
Requotes can slow execution and increase uncertainty about fill price, which matters for fast-moving markets and short-term strategies. They also help distinguish dealer execution from models that instead fill at the next available market price, which may produce slippage rather than a requote.
Example
A trader clicks buy at 1.1000, but the broker’s available price has already moved to 1.1004. The platform displays a new quote of 1.1004. If the trader accepts, the order executes at that new price; if not, it remains unfilled.
Quick answers
Common questions
Do all brokers issue requotes?+
No. Requotes are associated mainly with certain dealing-desk workflows. Many venues and brokers instead execute at the available market price, subject to liquidity and order type.
Is a requote good or bad?+
It is a mechanism, not a verdict. It can protect clients from accidental execution at an outdated quote, but it also delays certainty about the fill.
Sources