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|05/15/2006 10:24 PM by name withheld; Double auction From Wikipedia|
Double auction is a type of auctions in which both sellers and buyers submit bids which are then ranked highest to lowest to generate demand and supply profiles. From the profiles, the maximum quantity exchanged can be determined by matching selling offers (starting with lowest price and moving up) with demand bids (starting with highest price and moving down). This format allows buyers to make offers and sellers to accept those offers at any particular moment. Examples are the NYSE and the AMEX. [Manage messages]
Can you give an example and explain me what is double auction and sealed-bid double auctions are? Thank you.
Raymond [View full text and thread]
|04/09/2006 08:53 PM by Raymond; double auctions|