Nominal Price (or Nominal Quotation)

What is Nominal Price (or Nominal Quotation)?

Nominal Price (or Nominal Quotation) meaning Computed price quotation on a futures or option contract for a period in which no actual trading took place, usually an average of bid and asked prices or computed using historical or theoretical relationships to more active contracts.

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary