Quote Driven

(redirected from Price-Driven Markets)

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 ?
Meanwhile, Asia-Pacific and Africa are price-driven markets.
Chapters discuss the pros and cons of various tools, including mailing lists, pay-per-click advertising, sensible rules for emails to businesses, and warnings that the Internet is one of the most price-driven markets around (because any consumer can look up competing offers with just a few clicks).
As competitive, price-driven markets have forced down prices and margins, organizations must do more with less.