DECENTRALIZED MARKET

A market structure that consists of a network of various technical devices that enable investors to create a marketplace without a centralized location. In a decentralized market, technology provides investors with access to various bids/ask prices and makes it possible for them to deal directly with other investors/dealers rather than with a given exchange. The foreign exchange market is an example of a decentralized market because there is no one physical location where investors go to buy or sell currencies.