A market system in which buyers bid against each other to establish the selling price of the item offered for sale. Some stock exchanges conduct live open outcry auctions on the floor of the exchange. Participants in these auctions include a specialist, who serves as the auctioneer, floor brokers who represent their clients, and registered traders who trade their own accounts. Live auctions are employed at some commodity and futures exchanges also.
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Chicago Board of Trade (CBOT)
Treasury note
Treasury bond
Chicago Stock Exchange (CHX)
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earnings per share
Trade Bloc
earning power
Institute of Chartered Accountants in England and Wales