Imagine two traders in Company XYZ stock, one looking to sell 100,000 shares and another looking to purchase 100,000 shares. By showing interest on the AUTEX system, they can identify each other without the risk of placing a large market order that could push the stock higher due to the immediate share imbalance. Once interest has been established on both sides of the trade, the trade will be executed in the standard manner, whether it be on the stock exchange or over-the-counter.
Investment dictionary. Academic. 2012.
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Autex — Video communication network through which brokerage houses alert institutional investors of their desire to transact block business ( a purchase or sale) in a given security. indications transmit small, medium, and large sizes only, with… … Financial and business terms
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