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.
Browse by Subjects
American Stock Exchange (AMEX or ASE)
trading pit
Boston Stock Exchange (BSE)
hybrid market
See All Related Terms »

exchange rate parity
average directional index (ADX)
net relevant earnings