In Stock Exchange
Most stock exchanges operate on a "matched bargain" or "order driven" basis. When a buyer's bid price meets a seller's offer price or vice versa, the stock exchange's matching system decides that a deal has been executed. In such a system, there are no designated or official market makers, but market makers nevertheless exist.
Read more about this topic: Market Maker
Famous quotes containing the words stock and/or exchange:
“And anyone is free to condemn me to death
If he leaves it to nature to carry out the sentence.
I shall will to the common stock of air my breath
And pay a death tax of fairly polite repentance.”
—Robert Frost (1874–1963)
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—Primo Levi (1919–1987)