auction system

/'ɔ:kʃən ˌsɪstəm/ noun
a system where prices are agreed as the result of marketmakers offering stock for sale on the trading floor (as op posed to a quote system, where prices are quoted on a computerised screen)

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • double auction system — A market consisting of many sellers and many buyers, as opposed to a conventional auction with one market maker and many buyers. Bloomberg Financial Dictionary …   Financial and business terms

  • Auction sniping — is the process of watching a timed online auction (such as on eBay), and placing a winning bid at the last possible moment (often seconds before the end of the auction), giving the other bidders no time to outbid the sniper. Some bidders do this… …   Wikipedia

  • Auction theory — is an applied branch of game theory which deals with how people act in auction markets and researches the game theoretic properties of auction markets. There are many possible designs (or sets of rules) for an auction and typical issues studied… …   Wikipedia

  • Auction — Auctioneer redirects here. For the DC Comics supervillain, see Auctioneer (comics). An auctioneer and her assistants scan the crowd for bidders. An auction is a process of buying and selling goods or services by offering them up for bid, taking… …   Wikipedia

  • auction — A common method of issuing gilts. Similar to a tender offer. In an auction, investors apply to buy the new gilts being issued, specifying the amount they wish to purchase and the price they are prepared to pay. The new gilts will be issued to… …   Financial and business terms

  • Auction — A system where potential buyers place competitive bids on assets and services. The asset or service in question will sell to the party that places the highest bid. In most cases, sellers will pay a listing fee to the auctioneer, regardless of… …   Investment dictionary

  • auction pool — noun : a betting pool in which selections (as of starters in a horse race) are sold at auction, the auctioneer usually retaining a percentage of the pool * * * auction pool, a system of betting in which the bets are sold at auction …   Useful english dictionary

  • auction market — A system in which financial instruments are bought and sold through trading on an exchange floor by buyers and sellers competing via open outcry with other buyers and sellers for the best price. Exchange Handbook Glossary …   Financial and business terms

  • auction pool — A system of placing wagers on horse races which for a time was successfully operated as an evasion of gaming laws. James v State, 63 Md 242, 248 …   Ballentine's law dictionary

  • Dutch auction — Auction in which the lowest price necessary to sell the entire offering becomes the price at which all securities offered are sold. This technique has been used in Treasury auctions. The New York Times Financial Glossary auction in which the… …   Financial and business terms

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