English version

quote-driven

From Longman Business Dictionary
Related topics: Finance
quote-drivenˈquote-ˌdriven adjective FINANCE a quote-driven financial market is one in which prices are given by dealers. Investors buy or sell at these prices if they want to, and dealers change their prices according to demand from investorsBecause London’s stock market works on the basis of a quote-driven system, rather than an orders-driven system, market-makers can find themselves needing to hold large amounts of stock. compare order-driven
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