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:
“The freedom to make a fortune on the Stock Exchange has been made to sound more alluring than freedom of speech.”
—John Mortimer (b. 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)