Answer: Auction
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A dealer market is a financial market mechanism wherein multiple dealers post prices at which they will buy or sell a specific security of instrument.
Tue Jun 25 2019 · The Nasdaq is a dealer's market wherein market participants are not buying from and selling to one another directly but through a dealer who in the case of the Nasdaq is a market maker .
The NYSE operates as an auction market whereas NASDAQ is an example of a dealer market . The " over-the-counter " market received its name years ago because brokerage firms would hold inventories of stocks and then sell t...
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