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.
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.