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 ?
INCREASED numbers of new season lambs have entered the market this year, with 22% more lambs sold at Welsh auction markets between March and the end of June compared to the same period in 2016.
Objective: This project studies information aggregation in multiple-linked auction markets with large numbers of goods and bidders.
Included in the book is a wide range of data, including information on production and exports for farmers, auction markets, processors, retailers and other stakeholders.
Equity transitioned from private treaty sales to auction markets in 1957.
BOTH the national and North West property auction markets are showing a sharp year-on-year increase in both lots offered and sold.
Christmas hams in 1998 brought more in grocery stores than farmers could get for an entire hog at auction markets. Essentially every producer lost money and the red ink forced many producers out of business entirely.
There are 144 auto auction markets in Japan, which serve as intermediaries for used-car transactions between dealerships.
The Contractor shall provide a report, on a weekly basis, showing the coverage of auction markets and the corresponding coverage of all livestock sold through auction markets in that week, on a percentage basis.
"Confidence is back and it is good to see the region holding its own against other areas which almost universally have seen increased sales value through the auction markets - only the North West Homes Counties saw a drop but the rest of England performed very strongly."
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.
Melfyn Williams, chairman of NAVA, said: "After a quiet summer, the residential and commercial auction markets were resilient and are now experiencing broad, if cautious, growth."
The annual market throughput for 2008 from latest Agriculture and Horticulture Development Board statistics show that 6.9 million prime lambs sold through livestock auction markets in Britain last year - compared to 5.4 million in 2007, an increase of 27.8% - averaged 130.50p per kg for new season lambs, 28% higher than 2007.