Quote Driven(redirected from Quote Driven Markets)
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved