Itayose method - Itayose method

...This method is used in European and American commodity exchanges. The single contract price method is a method in which various buy and sell orders are consolidated into one price and trades are concluded at that price. It is divided into the Itayose method and the Itayose Zaraba compromise method. This is a trading method that was developed independently by Japanese commodity exchanges. In the Itayose method, exchange staff quote a price that they consider appropriate given the market situation at the time, and have buy and sell orders placed. They then raise and lower the bids until the quantities of the buy and sell orders match, and the price at which they match is the deciding price for the buy and sell orders. ...

*Some of the terminology used in relation to the "Itayose method" is listed below.

Source | Heibonsha World Encyclopedia 2nd Edition | Information

…欧米の商品取引所ではこの方法を採用している。単一約定値段方式は，いろいろの売買注文を一つの値段にまとめ，その値で取引を結ぶ方法で，板寄せ法と板寄せザラバ折衷法とに分かれる。日本の商品取引所で独自に開発された売買仕法で，板寄せ法は取引所の係員がその時点の市場の情勢から考えて適当と思われる値を唱えて売り買いの注文を出させ，その売り買いの数量が一致するまで唱えを上下させ，一致したところを売買の決定価格とする。…

※「板寄せ法」について言及している用語解説の一部を掲載しています。

出典｜株式会社平凡社世界大百科事典 第２版について | 情報