auction market

(redirected from Auction Exchanges)

Auction Market

A security exchange in which buyers make bids and sellers make offers in order to make transactions in a security. On an auction market, the current price for a share in a security is the highest price a buyer is willing to pay and the lowest price a seller is willing to accept. For example, if potential buyers for Security A enter bids of $50, $51, and $52, and potential sellers enter offers of $52, $53, and $54, the current share price is $52. Only the bid/offer for $52 is executed; others must make better bids and offers in order to conduct transactions. The New York Stock Exchange is a major auction market.

auction market

A market in which buyers and sellers gather to transact business through announced bid and ask prices. The organized securities exchanges are examples of auction markets. Compare dealer market, open outcry.

Auction market.

Auction market trading, sometimes known as open outcry, is the way the major exchanges, such as the New York Stock Exchange (NYSE) and the Chicago Mercantile Exchange (CME), have traditionally handled buying and selling.

Brokers acting for buyers compete against each other on the exchange floor, as brokers acting for sellers do, to get the best price. While the trading can be quite intense, it is orderly because the participants adhere to exchange rules.

References in periodicals archive ?
These listings are transferred to Bidpath and automatically distributed by category to the most appropriate online auction exchanges, which are partnered with Bidpath.
The new Inventory Management tool offers sellers the ability to catalogue thousands of items and list them for sale across several major auction exchanges, including eBay, Yahoo
Listings are then automatically distributed by category to the most appropriate online auction exchanges that are partnered with Bidpath.
We help our clients by providing customized solutions such as online, webcast and traditional auctions, as well as Storefronts and Private Auction Exchanges.
Business-to-Business Exchange - businesses can host customized, public or private vertical online auction exchanges.
Bid4Assets helps its clients by providing customized solutions such as online, webcast and fixed price auctions, as well as co-branded Storefronts and Private Auction Exchanges.
The Company provides customized sales solutions such as online, sealed bid and Web cast auctions, fixed price sales, as well as co-branded Web Sites and branded Private Auction Exchanges.
The Company provides customized sales solutions such as online, traditional, sealed bid and Web cast auctions, fixed price sales, as well as co-branded Web Sites and branded Private Auction Exchanges.
Bid4Assets provides customized sales solutions such as online, traditional, sealed bid and Web cast auctions, fixed price sales, as well as co-branded Web Sites and branded Private Auction Exchanges.
Self Load with Expert Review(TM) is an important component of DoveBid's strategy to strengthen the liquidity of its rapidly growing auction exchanges," said Brent Cohen, Chief Executive Officer, DoveBid, Inc.
com and our other auction exchanges we are able to offer specialty market leaders a comprehensive and customized inventory liquidation solution," said Tedesco.
Massively multiplayer online role-playing games ("MMORPGs") like EverQuest and Ultima Online are filled with virtual property -- things like magic weapons, houses, in-game currency, and characters that are bought and sold on auction exchanges, with thousands of dollars trading hands every day.