order-driven system

order-driven system
/'ɔ:də ˌdrɪv(ə)n ˌsɪstəm/, order-driven market /ˌɔ:də ˌdrɪv(ə)n 'mɑ:kɪt/ noun
a price system on a stock exchange, where prices vary according to the level of orders (as opposed to a ‘quote-driven’ system)

Dictionary of banking and finance. 2015.

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  • order driven system — A trading system where anyone wishing to buy or sell stock must take their order to the market and state at which price they are prepared to buy or sell the stock in question. Other market participants can then take the other side of the deal,… …   Financial and business terms

  • order-driven system — A trading system where anyone wishing to buy or sell stock must take their order to the market and state at which price they are prepared to buy or sell the stock in question. Other market participants can then take the other side of the deal,… …   Financial and business terms

  • quote driven system — A system whereby market makers provide quotes at which people can trade in stocks. Also known as a price driven system. Contrast with an order driven system. Dresdner Kleinwort Wasserstein financial glossary …   Financial and business terms

  • quote-driven system — / kwəυt ˌdrɪv(ə)n ˌsɪstəm/ noun a system of working a stock market, where marketmakers quote a price for a stock (as opposed to an order driven system) …   Dictionary of banking and finance

  • order-driven — Trading services that are based on the order book. London Stock Exchange Glossary * * * order driven ˈorder ˌdriven adjective FINANCE an order driven financial market is one where prices change in relation to orders from brokers and dealers in… …   Financial and business terms

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