FREE Guide - 5 Chart Patterns You Need to Know!

Basis Quote


What does Basis Quote mean?

A quote for a contract used as a reference in another contract. This is used to shorten and bring clarity in the quoted price of a futures contract. The price of a futures contract can be stated as a plus or minus to the base quote of an existing futures contract.

Futures Knowledge Explains Basis Quote

For example, suppose Brent oil future contract with expiry in June is $65 and another contract with expiry in December is $70. The basis quote for December contract is June expiry +$5.



Get Your FREE Technical Analysis Guide!
Timing is everything, and with this guide, you'll learn how technical analysis can help find the right time to enter and exit your futures trades. Nearly 30 explanations and examples of the most popular technical analysis tools are all in this one handy guide. It's like having a futures trading mentor at your side!