Series 14: 1.5.3. New York Stock Exchange (NYSE)

1.5.3. New York Stock Exchange (NYSE)

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 specialist) acts as auctioneer and allows supply a