What is an order driven market？

An order-driven market is a type of financial market where all buy and sell orders are displayed publicly, and the price of a security is determined by the matching of these orders. In an order-driven market, buyers and sellers can submit their orders directly to the market without going through a middleman or dealer. This creates a transparent and competitive environment where prices are determined by the supply and demand of the market participants. Examples of order-driven markets include stock exchanges and electronic trading platforms.