auction exchange
Definition
Market in which, throughout the day, buyers enter competitive bids and sellers enter competitive orders, in contrast to over-the-counter market where trades are individually negotiated. Most stock exchanges employ this method, but some European exchanges use periodic auction method in which round-robin calls are made once a day. Also called auction market.
auction exchange is in the Commodities & Precious Metals Trading, E-Commerce, Internet & World Wide Web, Purchasing & Procurement and Securities & Futures Trading subjects.
auction exchange appears in the definitions of the following terms: auction market and stock exchange
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