1.   The auction system will actually reduce costs of siting.

2.   Will such an auction system generate only poor volunteers?

3.   The company has now developed its own electronic auction system and is ready to go alone from August.

4.   Cigarette makers have floated the idea of abandoning the warehouse auction marketing system for direct production contracting with individual farmers.

5.   For the first time, much of the U.S. burley tobacco crop is being bought directly from farmers through contracts instead of the centuries-old auction system.

6.   He wants to establish Nasdaq as a superior model to the auction system.

7.   In contrast, the exchanges use auction systems, which make it easier for investors to trade with each other.

8.   In July, the exchange in Rio switched from the old-fashioned auction system with screaming floor traders to an electronic trading system similar to the NASDAQ.

9.   Many big investors prefer the auction system, which they believe leads to better stock prices and lower transaction costs.

10.   That said, his decision to introduce an online auction system for underwriting initial public stock offerings probably did not make him many friends on Wall Street.