open outcry

open outcry
A trading method whereby traders gather in person, often in a pit, and call out to all their desire to buy or sell a quantity at a given price, transactions being consummated when two parties can agree on a price. Most frequently used in securities markets.

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  • Open outcry — Until 2009[1], trades on the floor of the New York Stock Exchange always involved a face to face interaction. There is one podium/desk on the trading floor for each of the exchange s three thousand or so stocks …   Wikipedia

  • open outcry — Method of public auction for making verbal bids and offers in the trading pits or rings of futures exchanges. Chicago Board of Trade glossary Oral bids and offers made in the trading rings, or pits. Open outcry is required for trading futures and …   Financial and business terms

  • Open Outcry — A vanishing method of communicating on a stock, commodity or futures exchange that involves verbal bids and offers as well as hand signals to convey trading information in the trading pits. Trading pits are the parts of trading floors where… …   Investment dictionary

  • open outcry pit — UK US noun [C] STOCK MARKET, FINANCE ► the area of floor in a financial market where people shout out their bids and offers, rather than trading over the telephone or online: »The majority of trade is done through open outcry pits with dealers… …   Financial and business terms

  • Open outcry trading — Der Präsenzhandel, Parketthandel oder Criée Handel (franz.: criée bedeutet Zuruf) ist eine Form der Kursbildung an Börsen. Gelegentlich werden auch die Bezeichnungen Ringhandel, Zurufhandel oder der englische Ausdruck open outcry trading… …   Deutsch Wikipedia

  • Open-outcry — The method of trading used at futures exchanges, typically involving calling out the specific details of a buy or sell order, so that the information is available to all traders. The New York Times Financial Glossary …   Financial and business terms

  • open-outcry — The method of trading used at futures exchanges, typically involving calling out the specific details of a buy or sell order, so that the information is available to all traders. Bloomberg Financial Dictionary A public auction method of trading… …   Financial and business terms

  • open outcry — noun a system of financial trading in which dealers shout their bids and contracts aloud …   English new terms dictionary

  • open outcry — Quoting prices, making offers, bids, and acceptances, and concluding transactions by word of mouth in a financial market, usually in a trading pit See also callover; double auction …   Big dictionary of business and management

  • open outcry — …   Useful english dictionary

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