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English definition of “quote-driven”

quote-driven

adjective     STOCK MARKET
used to describe a system on a stock market in which prices are given by dealers (= people who buy and sell shares), who change their prices according to demand from investors: Proponents of quote-driven trading say it creates greater liquidity. a quote-driven market/system → Compare order-driven
(Definition of quote-driven adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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