Order Driven Market

Filed Under » Brokers

	Definition of 'Order Driven Market' An auction market in which prices are determined by the publication of orders to buy or sell shares.
	Investopedia explains 'Order Driven Market' This is the opposite of a quote driven market.

Related Definitions

Quote Driven Market

An electronic stock exchange system in which prices are determined from quotations made by market makers or dealers. Also known as a "price driven market".
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Auction Market

A market in which buyers enter competitive bids and sellers enter competitive offers at the same time. The price a stock is traded represents the highest price that a buyer is willing to ...
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Ask

The price a seller is willing to accept for a security, also known as the offer price. Along with the price, the ask quote will generally also stipulate the amount of the security ...
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- Bid
  
  1. An offer made by an investor, a trader or a dealer to buy a security. The bid will stipulate both the price at which the buyer is willing to purchase the security and the quantity to ...
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The Basics Of Trading A Stock

Taking control of your portfolio means knowing what orders to use when buying or selling stocks.
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Understanding Order Execution

Find out the various ways in which a broker can fill an order, which can affect costs.
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What's the difference between a quote driven and an order driven market?
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