Tuesday, July 16, 2013

What is the difference between a quote driven market and an order driven one?

§Stock Exchange:  Quote driven system

§OTC Exchange:  Order driven system

The difference between these two market systems lies in what is displayed in the market in terms of orders and bid and ask prices. The order driven market displays all of the bidsand asks, while the quote driven market focuses only on the bids and asks of market makers and other designated parties.



Some confision here

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