What is a car quote?

Autoquote is a computer system that automatically or at the request of a trader calculates bid and ask prices for different option series. This system uses parameters determined by the traders themselves, such as volatilities and interest rates, or parameters that have been set in consultation with the exchange.

Autoquote systems are used to quickly update the prices of option series or to quickly publish prices during rotations, such as at the opening or closing of the exchange.

This helps with the efficient management of prices and the improvement of liquidity in the options market.