auction market

Definition

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.

Use auction market in a sentence

You should try to find a way to get involved with the auction market because you might find a good deal there.

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Since I needed to sell my equity to build capital for my new project I am glad I can use the auction market to quickly liquidate my stocks.

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The auction market was the most effective way to sell the equipment as we would obtain the highest price and liquidate all the equipment as well

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auction market maker