When a broker cannot fill a market order at the requested price and offers an alternative price instead.
Requotes occur on dealing-desk platforms when the price moves between the trader's click and the broker's processing. The broker rejects the original order and presents a new price for acceptance.
Frequent requotes increase effective trading costs and interfere with systematic strategies. ECN and STP brokers, which pass orders directly to liquidity providers, rarely requote - slippage replaces requotes as the execution risk.
Find a Broker