quote-driven

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quote-driven

adj
(Stock Exchange) denoting an electronic market system, esp for stock exchanges, in which prices are determined by quotations made by market makers or dealers. Compare order-driven
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References in periodicals archive ?
At the risk of becoming a quote driven article, we'll throw in one more from Samba, because we think it's interesting and worth you seeing: "Headwinds will still come from the weak real estate sector, debt concerns and relatively tight domestic credit conditions.
The BATS Options platform is positioned to help participants navigate the transition from a quote driven market to an order driven one," said Jeromee Johnson, vice president, market development and head of BATS Options.
Comparative study of quote driven versus order driven markets have been analyzed.
The approval is conditional upon the move of the OFEX market into a competing quote driven system during 2004, and subject to appropriate regulatory and technical approvals.
Quote driven - The market would be a telephone market supported by market makers or specialists, much like the markets of a decade ago.