An inside quote definition is a quote that includes the bid and ask price for a security. The bid price is the price that a buyer is willing to pay for the security, while the ask price is the price that a seller is willing to accept for the security. The difference between the bid and ask price is known as the spread. What is the inside price? The inside price is the highest bid and the lowest ask at a given moment in time. What is the effective spread? The effective spread is the difference between the bid and ask prices of a security, expressed as a percentage of the midpoint between the bid and ask prices. The effective spread is a measure of the liquidity of a security. How do you quote inside of a quote? To quote inside of a quote, you must use a different set of quotation marks. For example, if you were quoting a character from a book, you would use double quotation marks around the character's dialogue, and then single quotation marks around the quote within the character's dialogue. What is a Level 2 trader? A Level 2 trader is a trader who has access to Level 2 trading data. This data includes the bid and ask prices for all the market participants, as well as the size of each bid and ask. This information can give traders a better idea of the market's liquidity and the price at which they can buy or sell. What is an 8 point buck? An 8 point buck is a male deer with 8 antler points.