Auction markets

Auction markets

Markets in which the prevailing price is determined through the free interaction of prospective buyers and sellers, as on the floor of the stock exchange.

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.
References in periodicals archive ?
An independent report, commissioned by the beef and sheep industry organisation Eblex, describes Britain's livestock auction markets as a key hub in the local agricultural network, offering a fair and open market system that has stood the test of time.
And new trade figures re-affirm the stronger prices and positive attitudes at livestock auction markets across the UK, especially for new season lambs and prime cattle.
Unfortunately for investors, non-exchange markets have not been required to implement the kind of investor protections which are mandated in the exchange auction markets," said the Amex chairman, adding that those intermediaries who control order flow do not necessarily direct it to markets which best serve the public investor.
In the exchange auction market, the public customer comes first, and that's the way it ought to be in the over-the-counter dealer markets, Jones said, adding that the exchange auction market gives public orders priority over professional orders and public orders interact with other public orders without the intervention of a dealer.
Upon closing, the new Longitude LLC will service these existing auction markets.
NFU Cymru has kicked off discussions internally on how farmers might market their finished lambs more efficiently and, in particular, how auction markets may be able to help farmers achieve the best possible returns for their livestock.
presence in the agricultural equipment and land auction markets in the United States.
WWA's new management team has recently formed an advisory board to draw on internal and external experience in the auction markets.
The Chicagoland area continues to be one of the strongest auction markets in the country," said Frank Diliberto, senior vice president of Inland Real Estate Auctions, Inc.
With the public markets for Tangible's equity and the plans for further acquisitions in both the traditional auction markets and the virtual auction markets, Tangible is on the leading edge of what we believe will be the best model for integration of traditional and Internet based business strategies on a global basis.
FreeMarkets is the world's leading B2B eMarketplace, with online auction markets for industrial parts, raw materials, commodities and services.
com assists shoppers and sellers by scouring the Internet to instantly find the best prices on products from major online auction markets and allows for one-click bidding once the right price is found.