Method of public auction in which verbal bids and offers are made in the trading...
Trading by means of a two-way auction market, shouting bids and offers across a trading ring. This traditional method of trading is increasingly being replaced by electronic trading.
The method of trading that the CFTC requires in the exchange trading pits whereby all trades are made with verbal bids and offers.In open outcry, only the highest Bid and lowest Offer prices can compete (that is, be shouted, accompanied by hand signals, by the floor brokers and floor traders) on the trading floor at any given moment.
A method of trading consisting in a public auction conducted by calling out bids and offers across a trading ring or pit and having them accepted.
The traditional method of trading by writing offers on a board and shouting out offers to other dealers.... more on: Open outcry
A public auction for making verbal bids and offers in rings or pits on exchange floors.
In relation to futures markets, the method of making all bids and offers verbally in the trading pit.
The method of trading publicly so that each trader has a fair chance to buy or sell.
A method of enabling verbal bids or offers from the trading pit on the futures market.
Verbal bids or offers on the trading floor of a securities exchange.
Floor trading. Any trading system where traders gather physically at an assigned location (a "post" or a "pit") to trade a specific instrument or instruments. Although the term is largely used in reference to options and futures trading it also applies to traditional exchange structures such as that of the NYSE.
The method of dealing employed on the LME and other futures markets. A broker announces to the entire ring his interest to buy or sell the commodity, and the required delivery date and price. When another broker responds to accept the bid or offer and proposes a quantity, a deal is struck and that price becomes the latest traded price for that delivery date.
Public auction with verbal bids in the trading pits.
Is the announcement of bids and offers on the floor of an exchange. This compares to Electronic or Computerized Trading and negotiated transactions.
Method of trading any commodity where dealers face each other in a dealing ring or pit and there is direct communication. Contrast: Screen Trading.
A decreasingly used method of trading carried out in pits on the trading floor of futures exchanges. It is a continuous auction where traders are calling out bids and offers carried onto the point where prices are settled and deals are concluded.
Traditional securities trading system in which orders were shouted aloud by dealers in a pit.
A reference to markets or exchanges where orders are placed and accepted using gestures and shouts
Oral bids and offers made in the trading rings, or pits. "Open outcry" is required for trading futures and futures options contracts to assure arms-length transactions. This method also assures the buyer and seller that the best available price is obtained.
A system of trading where an auction of verbal bids and offers is performed on the trading floor. This method is slowly disappearing as exchanges become automated.
A method of public auction for making verbal bids and offers in the trading pits or rings of commodity exchanges.
Trading system used for options and futures. All participants meet on the floor of the Exchange and call out details of bargains they would like to complete hoping that one of the others will respond.
The trading method by which competing market makers and floor brokers representi...
A trading system in which members trade openly and verbally on a trading floor by ‘crying’ out their prices in a designated area normally known as a pit. Open outcry is the predominant method of trading used on derivatives exchanges, although such exchanges sometimes also use screen based trading systems.
Verbal bids and offers made on the trading floors of stock exchanges. This method of public auction is disappearing as stock exchanges become automated.
A method of trading on a commodity exchange by making verbal bids and offers in the trading pits.
Method of public auction required to make bids and offers in the trading pits or rings of commodity exchanges.
Trades are conducted on the floor of the exchange, eg New York Stock Exchange and some derivative exchanges.
A method of public auction, common to most US commodity exchanges, where trading occurs on a trading floor and traders may bid and offer simultaneously either for their own accounts or for the accounts of customers. Transactions may take place simultaneously at different places in the trading pit or ring. At most exchanges outside the US, open outcry has been replaced by Electronic Trading Platforms. See Specialist System.
Open outcry is the name of a method of communication between professionals on a stock exchange or futures exchange which involves shouting and the use of hand signals to transfer information primarily about buy and sell orders.