Quote Driven

(redirected from 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 ?
The directors said: "Despite an increasingly competitive and price driven market, annual sales have been maintained at just below pounds 30m.