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.
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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.
Resurgent livestock auction marts seen as key hub in agricultural network, says Eblex
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.
NFU Cymru recognises that the auction markets will have a key role to play and is keen to work with them in bringing this about.
Auctions may help to boost lamb price; union view

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