In a quote-driven market, bid-ask spread is composed of order processing costs, stock holding costs and asymmetric information cost.

在报价驱动交易机制下，买卖价差由指令处理成本、存货成本和非对称信息成本构成。

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Quote-driven market is created by primary scrip holders and by third-party dealers in scrip.

报价驱动市场是由初级股票持有人和第三方交易商创造的。

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Quote driven mechanism and order driven mechanism are two major exchange systems of the securities business.

报价驱动系统和指令驱动系统是证券市场的两种主要交易制度。

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Quote driven mechanism and order driven mechanism are two major exchange systems of the securities business.

报价驱动系统和指令驱动系统是证券市场的两种主要交易制度。

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