I am reading that the Nasdaq is a quote-driven market while the NYSE is order-driven market. “An order driven market is a financial market where all buyers and sellers display the prices at which they wish to buy or sell a particular security, as well as the amounts of the security desired to be bought or sold. This is the opposite of a quote driven market, which only displays bids and asks of designated market makers and specialists for a specific security that is being traded.” I thought that the NASDAQ is displaying bids from buyers and offers from sellers? To my experience Nasdaq and NYSE trade the same electronically, except for the open and close. I think there is something that I am misunderstanding- Is any one able to please clarify the differences.