Quote Driven

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Related to quote-driven: Brokered market, 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 ?
On the Tunisian market this result is not as evident as these obtained on other markets especially on quote-driven markets.
pan-European market segment, offering quote-driven trading services in the
CoreHarbor's hosted Spend Management Solution is comprised of ProcureEdge, a comprehensive fully hosted and managed eProcurement solution designed to streamline and control an organization's procurement processes, and SourceEdge, a strategic sourcing solution that enables buying organizations to virtually eliminate the inefficiencies and cumbersome administrative tasks required in a quote-driven sourcing process.
PLUS Markets is based on a quote-driven trading system and currently
These edited RFQs reflect the input of the value chain and highlight the proficiencies of the Ariba Sourcing end-to-end quote-driven purchasing solution.
Market facilities will include both order-driven and quote-driven structures as well as access to external services such as third market trading.
EASDAQ has elected to install a quote-driven system that will encourage competition for business among market makers," Burnham continued.
In a quote-driven, multi-market maker system, markets evolve rapidly as market makers improve their customer service and develop the necessary technology to compete aggressively for order flow.
The types of changes that Gary posits as remarkable are not only in trading (continuous, call or dealer), but its dimension (floor trading or electronic) and liquidity base (order-versus quote-driven systems).
s lead regulator, the Securities and Investments Board, is designed to complement the London Stock Exchange quote-driven trading market.
firms with on- and off- exchange quote-driven services.