Quote Driven

(redirected from Price-Driven Market)

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 ?
MEP contractors are operating in this region in a purely price-driven market, where only the cheapest bid wins in majority of cases," he states.
Christian Gregorowicz, chief executive officer of Nextcare, said that with a price-driven market like the UAE, takaful companies need to rethink their strategies, come up with new products and strengthen their customer service to stand out, and if not, sustain their business.
The company said the fall was in line with expectations, reporting increased costs in an increasingly competitive and price-driven market as a consequence of a need to "drive the sales and also to improve the infrastructure" of the business.
It's primarily a price-driven market with very little lead time.
Still, it's a price-driven market and customers are not going to pay more for America Movil's services just because they were first.
This is a very discerning and price-driven market affecting fees, quality and detail.
In the cruise industry, where numbers and trends often provide early indicators for wider tourism and travel trends, many cruise lines this spring found themselves responding to what seemed to be an increasingly price-driven market.
In today's increasingly price-driven market Schmidt said, "To stay ahead of the competition, Henkel Building Systems offers very high-quality, value-added and innovative products.
A service which not only guarantees efficient delivery in a price-driven market, but also adds value by offering specialist technical support and bringing the latest ingredient developments direct to their door.
Overall, the highly price-driven market poses significant challenges, such as huge fixed and developmental costs as well as rising competition from pioneers exhibiting high market penetration, for new entrants.
This is why many feel the EU quotas simply won't work - UK retailers have to import, in bulk, from overseas if they are to survive in a fiercely competitive, price-driven market.