The Folio Investing Note Trader platform uses a sealed-bid auction, where bidders submit written bids without knowing the bids of the other bidders in the auction. The highest bidder wins, but the price paid is the second-highest bid amount.
The Folio Investing Note Trader platform uses a sealed-bid auction, where bidders submit written bids without knowing the bids of the other bidders in the auction. The highest bidder wins, but the price paid is the second-highest bid amount.