Financial Management: Theory & Practice
Financial Management: Theory & Practice
16th Edition
ISBN: 9780357296776
Author: Eugene F. Brigham, Michael C. Ehrhardt
Publisher: Cengage Learning US
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Chapter 1, Problem 8Q
Summary Introduction

To compare: The trading in dealer markets, direct auctions, and automated platforms.

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Contrast and compare trading in face-to-face auctions, dealer markets, andautomated trading platforms.
What are the differences among open outcry auctions, dealermarkets, and automated trading platforms with automatedmatching engines?
Explain how the dealer market works. Be sure to mention market makers, bid and ask prices, the Nasdaq market, and the OTC market.
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