- Call market 2. Continuous market 3. Negotiated market 4. Pure auction market = price driven market 5. Order driven system = Dealer market Is there any overlap? I am confused - can it be said that: 1. Call mkt = negotiated mkt = order driven system? 2. Continuous mkt = pure auction mkt? Reasoning?
go with their definitions Continuous market - securities traded any time Call market - at one given point let’s say start of day, all the bids/asks are settled auction market - think of NYSE and yeah price driven where bid/sell determine the prices Order driven market - think of NASDAQ and yeah dealer market, where dealers make the price Negotiated market - let me know what this is. probabley 1 q on this topic