quote-driven


Also found in: Financial.
Related to quote-driven: Brokered market, Price Driven Market

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 ?
BOX 2 Order-driven versus quote-driven markets Derivatives trading may take place in "order-driven," "quote-driven," or "hybrid" trading environments.
Transparency requirements are calibrated for different types of instrument, notably equity, bonds and derivatives, and for different types of trading, notably order book and quote-driven systems.
A non-anonymous quote-driven inter-broker platform where member firms published (more or less indicative) quotes, respectively based on tailor-made PSAs (purchase and sale agreements) which enabled settlement to an international T+2/3 delivery versus payment standard, settled mostly in USD.