> ## Knowledge Base Index
> Fetch the complete knowledge base index at: https://biasinvestors.crisp.help/sitemap.xml
> Use this file to discover available pages before exploring further.
> Pure-Markdown content can be obtained by appending a '.md' suffix to the content URLs listed in the sitemap (without the trailing slash).

# Auction Market

The system of trading securities through brokers or agents on an exchange such as the New York Stock Exchange. Exchange participants compete for trade executions where the best price wins. For those looking to buy securities, the highest bidder will obtain the securities, while for those looking to sell, the lowest offer receives priority.