Quote Driven

(redirected from Price Driven)

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 ?
Price Driven Cars will be opening within the next two weeks at the company's former site in Glebe Road, where it previously operated as Bedlington Motor Company for 10 years.
Price Driven Cars will also act as a satellite branch for Silverlink Specialist Cars, making it more convenient for customers in the Northumberland area to order a new MG.
Price Driven Cars will be opening soon at 70 Glebe Road, Bedlington, Northumberland, NE22 6JU.
"What we often see is our client (who) is a direct beneficiary of pricing and also can benefit from our involvement in other ways that are very meaningful and not price driven," he said.
Similarly, purchasing researchers have examined whether price driven motives or non-price driven motives are more important for companies in regard to international supply management.
Therefore, price driven motives are defined as the importance of lower prices as a factor for choosing to source internationally, and non-price driven motives as the importance of better quality, more advanced technology, and faster product development cycles for purchased items as factors for choosing to source internationally.
* The extent of the international supply base = f(price driven motives and non-price driven motives)
* Value-adding services purchased from international suppliers = f(price driven motives and non-price driven motives)
* Organizational coordination = f(price driven motives and non-price driven motives)
* Information systems = f(price driven motives and non-price driven motives)
* E-commerce = f(price driven motives and non-price driven motives)
a market price or some price driven up and down by competition," Wood said.