Quote Driven

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Quote Driven

Describing an exchange where the bid-ask spread is determined by quotes given by dealers or market makers with the duty to maintain a liquid market. A quote driven market contrasts with an order driven market, where the bid-ask spread is determined by orders directly by investors. A quote driven market is also called a price driven market and is usually on an electronic exchange.
References in periodicals archive ?
Summary: Price-driven demand, reduced company housing allowances and landlords being flexible with rates said to have contributed to the decline
Larger companies tend to have volumes that are exceptionally high with low margins because everything they sell is price-driven.
The antidote to cost-driven pricing is price-driven costing, which is based on the premise that the metalcasting company's costs are largely irrelevant as a basis for pricing.
Greg O'Neill, Cardiff manager at Porters Estate Agency on Cowbridge Road, Canton, says the market is becoming more price-driven, and that while two months ago people could ask for inflated sums, they now had to be more realistic.
On a smaller scale, the garment industry remains one of the most active tenant sectors in the current, price-driven market.
is it a price-driven vehicle or an upper bell curve vehicle?
The supermarket buyers we quizzed for this week's reader panel (see page 22) agree that the festive season will be price-driven and they say that's largely because consumers expect to see prices driven lower.
Price-driven motives was operationalized by the scale item appearing in the Appendix, while the other independent variable, non-price driven motives, was operationalized as a composite, weighted by factor scores, of its indicator variables displayed in the Appendix.
Baby boomers also spend more than other age groups and are not price-driven.
Then the business goes into a commodity, price-driven phase and the hardware companies squeeze every dime of cost out of the machine.
This has adversely affected the European masterbatch and colourants industry, which has lost customers to Asia and therefore become more competitive, price-driven and less profitable.
But there's good news here, in the form of two recent events that point to a reversal of the foolishness began nearly 3 years ago by those naive young MBAs and the price-driven corporate commodity teams.