ShmoopTube

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Finance a la shmoop... what is an auction market.. next up on the block [Man speaking on stage]

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we've got stock in the company comb Depot....

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okay yeah so the New York

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Stock Exchange is an auction market and you have no idea how much caffeine I had [Man holding a monster energy drink]

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to have to get that right which means that the prices on the new york stock

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exchange happen during a bidding process we're matching offers get you know [People frantically rushing to bid for stocks]

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matched... buyers and sellers buy and sell at the

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same time so in essence two transactions are happening at once the opposite of

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this sort of market is the over the counter or OTC market where dealers are

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the ones holding all the cards and they ultimately determine the price by [Dealer with the cards]

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creating a spread from where they're willing to sell your shares and what

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price they'll pay to buy your shares but in an OTC market well you don't get to [Dogs running side by side]

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feel like you're watching the last leg of a greyhound race so you don't get all

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my caffeinated auction talk there which is kind of cool we like that, right..right?

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