Since forex market all over the world is quote driven
and is regulated by the central bank, hence operating in this market has unique problems of its own.
He pointed to differences between the equity and options markets, saying that "The options market is a quote driven
market with hundreds of thousands of options series, most of which are constantly changing due to changes in the price of the underlying instrument" making it very difficult for an options exchange to display the national best bid offer price continuously and thereby making a mechanism that sought out the best bid offer price advantageous to the customer.
with quote increments at 10 and 20 cents, and
At that time the UK equity market was purely quote driven
, relying on competing market-markers to display the best price.
Jiway Limited is an electronic order and quote driven
market providing a single access point to shares from the UK, Sweden, France, US, Germany, Italy and The Netherlands, with guaranteed liquidity and prices no worse than the underlying exchange.