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In this video, you will learn about the auction market and how it works. #auctionmarket #buyersandsellers #wallstreetmojo #financialmarkets #marketmechanism Chapters: 00:00 – Introduction 00:27 – What is an auction market? 01:24 – How does the auction market process work? 02:16 – Examples 03:05 – Auction market vs dealer market 03:47 – Comparison between Auction Market & Dealer Market What is an auction market? You might know an auction market where a seller keeps something for auction to which buyers put in their bids. Whoever has the highest bid gets to buy it. The same thing happens in the financial markets too. Buyers and sellers quote their price for buying or selling the financial assets, and the transaction is completed just when there is a match between the prices. (Explained in detail in the video) How does the auction market process work? The entire process of an auction is simple. On the one hand, buyers put in their buy orders for the financial asset, also known as bid. On the other hand, sellers put in their sell orders, also known as ask. Once the bid and the ask price match, the transaction is complete. (Explained in detail in the video) Examples The Chicago Mercantile Exchange (CME) and the New York Stock Exchange (NYSE) still operate the open outcry trading system where the auction process happens as traders shout their bids and ask prices. The trading that happens on computers also happens through the auction system only. However, the electronic method has some advantages: it costs less, execution is better and faster, and there is less manipulation compared to the open outcry system. Auction market vs dealer market In an auction market, buyers and sellers quote their offers, and the transaction happens when their orders match. In a dealer market, the dealers specify a price at which the financial asset shall be sold or bought. In an auction market, there is a plain matching of orders after some price discovery takes place. In the dealer market, the dealer is a market maker as they are creating liquidity and transparency in the market. In the auction market, all types of securities are traded, equities, futures, and options. In contrast, the dealer market is the place for the OTC securities market and government securities market. (Explained in detail in the video) ========================================================================== Subscribe to Our Channel – Youtube ► https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1 LinkedIn ► https://www.linkedin.com/company/wallstreetmojo/ Facebook ► https://www.facebook.com/wallstreetmojo Instagram ► https://www.instagram.com/wallstreetmojoofficial/ Twitter ► https://twitter.com/wallstreetmojo

Join accounting and finance professionals who are committed to creating an inclusive and equal profession, just like you are. Learn more here: www.aicpa.org/wom #womenlead, #breakthebias, #aicpa

Join accounting and finance professionals who are committed to creating an inclusive and equal profession, just like you are. Learn more here: www.aicpa.org/wom #womenlead, #breakthebias, #aicpa

In this video, you will learn about the concept of anchoring bias and how you can avoid falling for it. #anchoringbias #cognitivebias #wallstreetmojo #decisionmaking #financialmarket Chapters: 00:00 – Introduction 00:24 – What is anchoring bias? 01:36 – Examples in finance 02:41 – How to avoid it? What is anchoring bias? It is known as anchoring bias when a person is given a piece of information and solely relies on it whenever they take any decision. Amos Tversky and Daniel Kahneman first introduced the theory of anchoring bias in their book Judgment under Uncertainty: Heuristics and Biases. (Explained in detail in the video) Examples in finance A trader or an investor may only look at the current price movement and base their decision around it. But they need to look at the complete picture before they act, or they may fall for the anchoring bias and incur losses. (Explained in detail in the video) How to avoid it? Here’s how you can overcome the bias of anchoring: Remove high emotional quotient from decision making Analyze the rationale in all the decisions of life and stick to it Conduct thorough research before making any decision Develop an objective mentality in every circumstance Promote critical and logical thinking This is all about anchoring bias, and make sure you subscribe to the channel so that you don’t miss out on such content we come up with regularly. ========================================================================== Subscribe to Our Channel – Youtube ► https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1 LinkedIn ► https://www.linkedin.com/company/wallstreetmojo/ Facebook ► https://www.facebook.com/wallstreetmojo Instagram ► https://www.instagram.com/wallstreetmojoofficial/ Twitter ► https://twitter.com/wallstreetmojo

Timely, accurate and understandable financial statements are vital to gauge how well a business has performed and to assess the strength of its financial position. Financial statements are a foundation upon which important business decisions are made. Learn the differences among the three services that a certified public accountant (CPA) may perform to provide comfort to users of a business's financial statements. Learn more at https://www.aicpa.org/purpose #cpa #Accounting #Finance #Assurance #financialstatements #Compilation #Review #Audit