Auction market trading, also known as open outcry, is the way the major stock and commodity exchanges, such as the New York Stock Exchange (NYSE) and the Chicago Board of Trade (CBOT), have traditionally handled buying and selling. Buyers compete against buyers, and sellers against sellers, to get the best price. In contrast, the NASDAQ Stock Market (Nasdaq) is described as a negotiated market because the differences between what buyers are offering and sellers are asking are recorded electronically, and the final price is determined by the market maker.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). Auction market. Retrieved September 21, 2026, from http://smartdefine.org/auction_market/definitions/1148045 |
| Chicago | Barry Goldsmith. 2010. "Auction market" http://smartdefine.org/auction_market/definitions/1148045 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, Auction market, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/auction_market/definitions/1148045>. |
| MLA | Barry Goldsmith. "Auction market" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/auction_market/definitions/1148045> |