NEGOTIATED MARKET
\nɪɡˈə͡ʊʃɪˌe͡ɪtɪd mˈɑːkɪt], \nɪɡˈəʊʃɪˌeɪtɪd mˈɑːkɪt], \n_ɪ_ɡ_ˈəʊ_ʃ_ɪ__ˌeɪ_t_ɪ_d m_ˈɑː_k_ɪ_t]\
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Buyers and sellers negotiate the price posted as bid and ask prices in this type of market. NASDAQ is an example. In contrast, the New York Stock Exchange and American Stock Exchange are market floors with an open outcry auction where traders bid against each other.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.