open outcry pit

open outcry pit
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 shouting orders across the floor.


Financial and business terms. 2012.

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Look at other dictionaries:

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  • Pit — may refer to:Technology* Programmable Interval Timer, a computing device * Pulsed inductive thruster, a device used in spacecraft propulsion * The core of a nuclear weaponPlaces* Pit River, a watershed in California * Pittsburgh International… …   Wikipedia

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