What does auction market mean?

auction market meaning in Business Dictionary

Market by which, through the day, purchasers enter competitive bids and sellers enter competitive purchases, contrary to over-the-counter marketplace where positions are separately negotiated. Many stock exchanges employ this method, many European exchanges make use of regular auction method where round-robin telephone calls were created daily. Also known as auction trade.

Sentence Examples with the word auction market

The prices below are the annual averages for all Indian teas sold in the London public auction market during the years stated.

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