Quote Driven

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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 ?
To smoothen and add character to this distilled liquid, Art infused oak chips--like what many brandy, cognac, and whisky makers do--to come up with a product that can perform competitively in a price-driven market. I was very much surprised with the smoothness and the mixed fruit finish of his Maizeky.
Success stems from having the right clients and working on the right projects, he continues, adding: "It is a price-driven market, so you are not going to get anything by being the most expensive.
Given the dynamics of an increasingly price-driven market, smaller insurers may feel a competitive squeeze that significantly threatens their bottom line.
As Ferrero observes, it's a price-driven market, so buying solely on price strikes us as a rational decision.
Our Performance Materials segment reported a marginal reduction in organic sales primarily from lower demand for insulation products, as we continue to experience oil price-driven market softness.
Christian Gregorowicz, chief executive officer of Nextcare, said that with a price-driven market like the UAE, takaful companies need to rethink their strategies, come up with new products and strengthen their customer service to stand out, and if not, sustain their business.
The company said the fall was in line with expectations, reporting increased costs in an increasingly competitive and price-driven market as a consequence of a need to "drive the sales and also to improve the infrastructure" of the business.
"It's primarily a price-driven market with very little lead time."
Still, it's a price-driven market and customers are not going to pay more for America Movil's services just because they were first.
Last month, I asked you to send me your insights and opinions whether or not customer service mattered anymore in today's price-driven market. Obviously, I struck a chord because the responses have been flooding in and overwhelmingly, the answer seems to be "YES!"
This is a very discerning and price-driven market affecting fees, quality and detail.