Gap Quote
A manual quotation made by a specialist to address an order imbalance of at least 10,000 shares or $200,000, with the objective of drawing new interest to fill or reduce the imbalance. A gap quote is a slow Quote by definition and is indicated in the Hybrid Market by a 100-share bid or offer and a “U” trade indicator. Auto-quoting and automatic executions resume after the specialist trades or quotes manually.