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  2. Hong Kong Exchanges and Clearing - Wikipedia

    en.wikipedia.org/wiki/Hong_Kong_Exchanges_and...

    HKEX implemented a Closing Auction Session (CAS) in two phases [16] on 25 July 2016 and 24 July 2017. The securities eligible for the CAS include all constituents of the Hang Seng Composite LargeCap, MidCap and SmallCap indices, H shares which have corresponding A shares listed on a mainland exchange and all exchange traded funds .

  3. Invitation to tender - Wikipedia

    en.wikipedia.org/wiki/Invitation_to_tender

    A tender announcement from the Indonesian Ministry of Finance. An invitation to tender (ITT, also known as a call for bids [1] or a request for tenders) is a formal, structured procedure for generating competing offers from different potential suppliers or contractors looking to obtain an award of business activity in works, supply, or service contracts, often from companies who have been ...

  4. Request for quotation - Wikipedia

    en.wikipedia.org/wiki/Request_for_quotation

    After the RfQ process, professional procurement organizations have to compare the quotations, and try to get the best price for the job (by negotiations, or by conducting an e-auction (a reverse auction or a ticker auction). Aim is to determine the fair market value of the goods or services and thus generate savings for the company.

  5. CORRECTED-Last orders: Rise of closing auctions stirs ... - AOL

    www.aol.com/news/last-orders-rise-closing...

    The final five minutes of trading have become the busiest time of day for stock market traders in Europe. Aside from an initial burst of activity after the open in the morning followed by a brief ...

  6. Court filing details ongoing Klaussner liquidation - AOL

    www.aol.com/news/court-filing-details-ongoing...

    Nov. 24—RANDOLPH COUNTY — The various raw materials and remaining equipment and other tangible property of Klaussner Furniture Industries Inc. cost the company nearly $19 million but are ...

  7. Reverse auction - Wikipedia

    en.wikipedia.org/wiki/Reverse_auction

    In a traditional auction, the seller offers an item for sale. Potential buyers are then free to bid on the item until the time period expires. The buyer with the highest offer wins the right to purchase the item for the price determined at the end of the auction. A reverse auction is different in that a single buyer offers a contract out for ...

  8. Thousands call on Christie’s to cancel AI art auction ... - AOL

    www.aol.com/news/thousands-call-christie-cancel...

    Nearly 4,000 people have signed an open letter calling on Christie’s New York to cancel an upcoming sale dedicated solely to art created with artificial intelligence (AI), over concerns that the ...

  9. Open outcry - Wikipedia

    en.wikipedia.org/wiki/Open_outcry

    Since the 1980s, the open outcry systems have been steadily replaced by electronic trading systems (such as CATS and Globex).. Floor trading is the meeting of traders or stockbrokers at a specific venue referred to as a trading floor or pit to buy and sell financial instruments using open outcry method to communicate with each other.