A secondary market in which trades occur only at a particular time and place. All interested buyers and sellers of a stock gather at a specific time and place to declare their bids and asks, and then one negotiated price is set that clears the market for the stock.
A call market can be very liquid when in session because all traders are present, but they are obviously illiquid between sessions. Call markets usually are organised just once a day, but some markets organise calls at more frequent intervals.
Compare: Continuous market« Back to Index