________ is a market in which buy and sell orders of public participants (who are the holders of the securities) establish the prices at which other public participants can trade.

Question

Quizplus · Accepted Answer

An order-driven market (or auction market) is one where buy and sell orders from public participants determine the prices at which other public participants can trade. This is in contrast to a quote-driven market, where market makers set the prices. A limit-driven market is a subcategory of order-driven markets, where trading is based on pre-set price limits. A market-driven auction market is not a commonly used term in financial markets.

________ Is a Market in Which Buy and Sell Orders