A quote in which the buy and sell price is given.

A two-way (or two-sided) quote indicates both the current bid price and the current ask price of a security during a trading day on an exchange. To a trader, a two-way section is more informative than the usual last-trade quote, which indicates only the price at which the security last traded.

A two-way quote involves a bid-ask spread or the difference between the highest price a buyer is willing to pay for an asset and the lowest price that a seller is willing to accept. An individual looking to sell will receive the bid price, while one looking to buy will pay the asking price.

Two-way quotes can be contrasted with one-way quotes, which provide only the bid side or the ask side.