quote-driven
adjective
STOCK MARKETukusused todescribeasystemon astockmarketin whichpricesare given bydealers(=peoplewhobuyandsellshares), whochangetheirpricesaccordingtodemandfrominvestors:
Proponents of quote-driventradingsay itcreatesgreaterliquidity.
aquote-drivenmarket/system
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order-driven