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Finance Dictionary and Glossary of Investment Terms
A market in which buyers enter competitive bids and sellers enter competitive offers at the same time.
A system in which buyers enter competitive bids and sellers enter competitive offers simultaneously, as opposed to the over-the-counter market, where trades are negotiated. Examples are the NYSE and the AMEX. also called double auction market.
Stock exchanges, like the New York Stock Exchange and the American Stock Exchange, are auction markets where buyers and sellers meet through a specialist. (See dealer market, Market Maker, specialist)