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:
“I have, thanks to my travels, added to my stock all the superstitions of other countries. I know them all now, and in any critical moment of my life, they all rise up in armed legions for or against me.”
—Sarah Bernhardt (1844–1923)
“I can exchange opinion with any neighbouring mind,
I have as healthy flesh and blood as any rhymer’s had,
But O! my Heart could bear no more when the upland caught the wind;
I ran, I ran, from my love’s side because my Heart went mad.”
—William Butler Yeats (1865–1939)