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Respond to the question: Auction in practice?

03/14/2002 08:54 AM by name withheld; Auction in practice
Hi, I am working for an investment management company in LA. When we rebalance our various accounts each month, we contact same 5 brokers to get their bids for executing trades of our portfolios. At the end of each auction, we don't reveal winning bid to all participants. My question is that is it better to reveal winning bid to all brokers to get lower bids in the future?
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