The NYSE is a dealer market.

Name: The NYSE is a dealer market.
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The NYSE is actually an auction market, where buyers and sellers come together to trade securities through a centralized exchange. In an auction market, prices are determined through the interaction of buyers and sellers. In contrast, a dealer market is one in which individual dealers buy and sell securities from their own inventories, rather than buying and selling through a centralized exchange.

The NYSE Is a Dealer Market