AUTEX

AAA

DEFINITION of 'AUTEX'

AUTEX is an electronic platform from Thomson Financial that allows potential buyers or sellers of a large block of shares to identify other large traders on the bid and ask side of a particular stock. By showing "trade advertisements" in a stock issue, the interface presents indicators of interest among traders who wish to get a feel for the market liquidity before executing a large trade.

INVESTOPEDIA EXPLAINS 'AUTEX'

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.

RELATED TERMS
  1. Block

    A large amount of the same security bought or sold by institutional ...
  2. Bloomberg Terminal

    A computer system that allows investors to access the Bloomberg ...
  3. Volume

    The number of shares or contracts traded in a security or an ...
  4. Liquidity

    1. The degree to which an asset or security can be bought or ...
  5. Market Order

    An order that an investor makes through a broker or brokerage ...
  6. Block Trade

    An order or trade submitted for sale or purchase of a large quantity ...
RELATED FAQS
  1. What happens if a software glitch fails to execute the strike price I set?

    If you've ever suffered the frustrating experience of having an order not filled or had a strike price fail to execute because ... Read Full Answer >>
  2. What is the difference between business intelligence and competitive intelligence?

    Competitive intelligence is the act of understanding a company's industry and industry rivals so the company can make better ... Read Full Answer >>
  3. What's the difference between an index fund and an ETF?

    Learning investing basics includes understanding the difference between an index fund and an exchange-traded fund, or ETF. ... Read Full Answer >>
  4. What commodities are not tradable?

    As of February 2015, commodities that are not tradable include diamonds, tomatoes, carbon dioxide, lemons, eggs, potatoes, ... Read Full Answer >>
  5. How does investing in the banking sector differ between the U.S. and Canada?

    Banks in the U.S. and Canada offer different sets of pros and cons for investors. Shares of all Canadian banks are traded ... Read Full Answer >>
  6. Should I attempt to trade futures myself using software, or is this better left in ...

    The question of whether to do your own futures trading or opt for a managed account that a professional trades on your behalf ... Read Full Answer >>
Related Articles
  1. Forex Education

    Forex: Demo Before You Dive In

    All trading platforms have benefits and drawbacks - master the fake trade before making a real one.
  2. Options & Futures

    Direct Access Trading Systems

    DATs can dramatically speed up order execution - find out how this system gives novice traders an edge.
  3. Retirement

    Electronic Trading Tutorial

    Learn about the systems that run the market. Topics include market makers, specialists, SuperDOT, ECNs, SOES, Level I, II, and III Access, and more.
  4. Trading Systems & Software

    How New Traders Can Downplay Costs

    Concentrate on learning to play the game well in your first year as a trader, avoiding high information costs.
  5. Trading Systems & Software

    6 Brokers That Will Pay You To Trade With Them

    We review six leading online brokers that are offering cash bonuses for opening a new account.
  6. Trading Systems & Software

    Average Rate Of Return For Day Traders

    A look into the question of day trader earnings and factors that play a role in trading success.
  7. Trading Systems & Software

    How To Trade In The Hong Kong Stock Exchange

    The Hong Kong Stock Exchange may soon become the third-largest exchange in the world.
  8. Trading Systems & Software

    Want To Trade Stocks In College? 5 Tips To Start

    Investing while in college can be challenging. Here are 5 tips to help student investors make the most of their college years.
  9. Investing

    TradeKing Vs. TradeStation: Which Meets Your Needs?

    Each of these two online brokerage firms offers a package of benefits, features and services that meets a distinct type of investor's needs.
  10. Professionals

    Top Strategies on How to Become a Stock Broker

    Gunning to be a stock broker and want an edge? Here's some veteran advice.

You May Also Like

Hot Definitions
  1. Inbound Cash Flow

    Any currency that a company or individual receives through conducting a transaction with another party. Inbound cash flow ...
  2. Social Security

    A United States federal program of social insurance and benefits developed in 1935. The Social Security program's benefits ...
  3. American Dream

    The belief that anyone, regardless of where they were born or what class they were born into, can attain their own version ...
  4. Multicurrency Note Facility

    A credit facility that finances short- to medium-term Euro notes. Multicurrency note facilities are denominated in many currencies. ...
  5. National Currency

    The currency or legal tender issued by a nation's central bank or monetary authority. The national currency of a nation is ...
  6. Treasury Yield

    The return on investment, expressed as a percentage, on the debt obligations of the U.S. government. Treasuries are considered ...
Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!