Dealer Market
A market where dealers are assigned for specific securities. The dealers create liquid markets by purchasing and selling against personal inventory.
Investopedia Commentary
Unlike auction markets, the benefit of this type of market is the rapid access that investors have to buyers and sellers of a particular security. The best example of a dealer market is the Nasdaq.
Related Links
Markets Demystified
The Tale Of Two Exchanges: NYSE And Nasdaq
See also: Auction Market, Liquid Market, Nasdaq, New York Stock Exchange - NYSE
Also spelled: Dealers market, dealer's market
dealer market