In the buy-side marketplace model, the reverse auction is typically used. The term refers to buying securities and assets for clients's accounts, such as mutual funds, pension funds, trusts, private equity funds, etc.
It seems that you have missed the necessary options for us to answer this question so I had to look for it. Anyway, here is the answer. In the BUY-SIDE marketplace model, the reverse auction is typically used. Hope this answers your question. Have a great day!
