Market versus Quote (MVQ)
What it is:
Market versus quote (MVQ) refers to the most recent market price at which a security was either bought or sold with regard to the latest bid and ask prices.
How it works (Example):
MVQ is the difference between the last market price at which a security was bought or sold and the most recent bid and ask prices.
For example, suppose Stock ABC last traded at $50 per share and the current bid/ask prices are $49.50 and $50.50, respectively. The MVQ for Stock ABC is $0.50 because the difference between the market price and both the bid and ask prices is $0.50.