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Definition of '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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Investopedia explains 'Quote Driven Market'
This is the opposite of an order driven market.
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Find out the various ways in which a broker can fill an order, which can affect costs.
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Learn the pros and cons of trading forex through these two types of brokers.
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