Define in- order-driven according to trade intermediation, Financial Management

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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).

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