In ________ markets, participants post bid and ask prices at which they are willing to trade, but orders are not automatically executed by computer. ________ execute trades for people other than themselves, and in ________ markets a computer matches orders with an existing limit order book and executes the trades automatically.

Question

Quizplus · Accepted Answer

In dealer markets, dealers post bid and ask prices and execute trades, often for their own accounts. Brokers execute trades for others, acting as intermediaries. In electronic markets, computers automatically match and execute orders based on an existing limit order book.

In ________ Markets, Participants Post Bid and Ask Prices at Which