A placeholder quote for stocks that is used by a market maker that wants to quote one side of a market, usually set at 0.01, to make sure a stock does not trade at 0 in any case. It constitutes an offer to buy or sell a stock at a price far away from the prevailing market price without any intention for execution. Examples are an offer to buy at one cent or to sell at US100k. Typically, a placeholder quote would never be reached. However, market makers may enter stub quotes in a bid to virtually comply with the requirement to maintain a two-sided quotation though market makers are not willing to provide liquidity on either side.