A Quote-driven market (also known as a price-driven market or dealer’s market), is a trading model that is more commonly found in the traditional markets for bonds, currencies, and commodities in which prices are determined from bid and ask quotations made by market makers, dealers, or specialists. Mobius Finance takes a similar approach when it comes to trading moAssets (synthetic assets).
Order execution is done through on-chain oracle-powered price feeds. Collateralized assets on the platform act as the counter-party to market participants; namely the market maker in the “quote driven system”. Mobius Finance trading platform provides quotes for moAssets traders, who may decide to buy or sell by utilizing the currency of settlement (moUSD) in exchange.