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Double auction market |
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Double auction marketSystems by which listed securities are bought and sold through brokers on the securities exchanges, as distinguished from the OTC market, where trades are negotiated. Unlike the conventional auction with one auctioneer and many buyers, double auction markets consist of many sellers and many buyers.Double auction market Similar MatchesDutch auctionDutch auctionAn auction of multiple identical items in which the winning bidder pays the price bid by the lowest successful bidder. For a contrasting system, see 'Yankee auction'. Auction marketsAuction marketsMarkets in which the prevailing price is determined through the free interaction of prospective buyers and sellers, as on the floor of the stock exchange. Yankee auctionYankee auctionAn auction of multiple identical items in which the winning bidders pay the prices that they have bid. For a contrasting system, see 'Dutch auction'. Walrasian auctioneerWalrasian auctioneerA hypothetical entity that facilitates market adjustment in disequilibrium by announcing prices and collecting information about supply and demand at those prices without any disequilibrium transactions actually taking place. Auction Market Preferred Stock (AMPS)Auction Market Preferred Stock (AMPS)A type of Dutch Auction Preferred Stock (A Merrill Lynch product). Further SuggestionsDutch Auction Preferred StockDutch auction Auction rate preferred stock (ARPS) Double auction system Periodic call auction |
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