Series 24: 5.2.1. Auction Markets

Taken from our Series 24 Online Guide

5.2.1. Auction Markets

An auction market is one in which securities are traded on an exchange floor. An exchange has traditionally been a physical location where buyers and sellers get together to trade securities. This kind of market is referred to as an auction market because brokers gather around a trading post where a Designated Market Maker (formerly called a sp

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