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 ?
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?
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.
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.
Since there are not similar studies, we argued that this result might be specific to an order driven market.
Accordingly, selected vendors will be awarded Task Order driven Master Consulting Agreements, whereby an estimated maximum compensation limit will be established for the duration of the contract term and adjusted by amendment, if necessary.