The phrase "a system of auctions" is correct and usable in written English.
You can use it when discussing the structure or organization of auction processes in various contexts, such as economics, business, or event planning.
Example: "The art market has evolved into a system of auctions that allows collectors to bid on rare pieces from around the world."
Alternatives: "an auction framework" or "a bidding system".
Property prices here are effectively set by the government through a system of land auctions that dates from the time when the British Crown owned all the land in Hong Kong and parceled it out through 99-year leases.
Continuous trading may be temporally interrupted since a system of stock-specific intraday price limits and short-lived call auctions is implemented to handle unusual volatility levels.
Stock Exchange to Buy Electronic Trading Firm The New York Stock Exchange announced that it would acquire a leading electronic trading system in a deal that allows the exchange to become a public company and casts doubts on its 213-year old system of auction trading.
While the process of making legislative changes was in progress, the only alternative before the Government was to continue with the current system of allocations through the Screening Committee mechanism till the new system of auction based competitive bidding could be put in place.
The Central Bank of Iceland set up a temporary system of daily currency auctions on 15 October to facilitate international trade.
Figure 1 The system model of auction-driven dynamic spectrum access in a cognitive radio network.
In the course of these games, he devised a new system of scoring values, multiplying auction bridge values five times or more; large slam bonuses; and the factor of vulnerability.
Another hurdle: A multistate auction system of the sort that would rescue California would require overriding the federal Public Utility Holding Company Act, which prevents commercial and residential users from reselling juice to the grid.
But unlike the oil giants, which at least sell products to real consumers, the extractive firms of cyberspace merely provide "free" services to their users in return for their personal data trails, which they then sell to advertisers in a vast, hidden global system of high-speed online auctions.
