Quote Driven Market

What does it Mean? 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".
Investopedia Says... This is the opposite of an order driven market.

Terms Related Links

Ask
Bid
Dealer
Market Maker
Order Driven Market
Specialist

Terms Related Links
What's the difference between a quote driven and an order driven market?

Understanding Order Execution - Find out the various ways in which a broker can fill an order, which can affect costs.

Trading Through A Market Maker Vs. An ECN - Learn the pros and cons of trading forex through these two types of brokers.

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