Contrast and compare trading in face-to-face auctions, dealer markets, and automated trading platforms.

Question:

Contrast and compare trading in face-to-face auctions, markets, and automated trading platforms.
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...