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Define the in- order-driven according to trade intermediation.
In- order-driven markets:
In order-driven markets, buyers and sellers trade unswervingly without any intermediation. Many order-driven markets are auction markets. In trading rules formalise the procedure by that buyers seek the lowest accessible prices and sellers seek the highest accessible prices (i.e., price discovery procedure).
A manager must be able to quantify as to what will result from an adverse change in interest rates to control interest rate risk. Different types of valuation mode
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FINANCIAL MANAGEMENT
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