Order Driven

Order Driven

Describing an exchange where the bid-ask spread is determined by orders made by clients to brokers. An order driven market contrasts with a quote driven market, where the bid-ask spread is determined by quotes given by market makers.
References in periodicals archive ?
The inadequacy and unsustainability of global governance can be traced back to the institutional under-representation of the new emerging order driven by three blocs (West, Soviet Union and non-aligned countries): few countries (G7) took decisions for all and one country (US) provided the currency for the entire world.
Recent additions include the implementation of Order Driven Execution for FX Spot, FX Forwards and CFDs, which provides a safer and more efficient way to fill client orders, and the signing of a partnership with Autochartist to make automated technical analysis tools and live trade signals available across asset classes.
Are major changes in the international order driven by deep structural forces over which policy makers have little direct control or, in contrast, were these changes driven by concrete strategy?
Infor VISUAL 9.0 is an end-to-end solution that is designed to assist order driven manufacturing companies to maintain a competitive advantage by helping deliver quality products on-time.
HSBC Bank Malta CEO, Andrew Beane, said, 'While of course we need to navigate the immediate challenges right in front of us, we equally need to position ourselves to thrive in a new economic world order driven by the growth of emerging markets and an ever more integrated global economy.
"Basically we are order driven. As orders come in we ramp up," Gibbons said.
Fresh from a mostly agrarian society, Gilded Age Americans drilled oil, generated electricity, traveled easily across continents and oceans by steam power, and built machines that shoved aside an order driven by human labor and animal muscle.
For example, market makers in order driven markets will need to heavily modify surveillance for order book manipulation as they are routinely on both sides of book and routinely cancel/amend orders as the market moves in their direction - behaviours that are often considered as manipulative for non market markers.
Thousands of order driven businesses with locations worldwide depend on JOBSCOPE.
Whilst PLUS gives us the national recognition and access to critical mass, the order driven systems used by investbx reduce the impact of market makers and removes the bid-offer spread.
Ioanid Rosu, University of Chicago, "Liquidity and Information in Order Driven Markets"
Comparative study of quote driven versus order driven markets have been analyzed.