In an auction market like the one operated by the NYSE,who organizes the bidding for the stock,essentially acting as an auctioneer?

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In an auction market like the NYSE, the specialist is responsible for organizing the bidding for the stock and essentially acts as an auctioneer. The bid-ask dealer is responsible for facilitating trades between buyers and sellers, while the margin setter sets the minimum amount of margin that must be maintained by investors when buying on margin. A dedicated computer is not involved in organizing the bidding in an auction market.

In an Auction Market Like the One Operated by the NYSE,who