The majority of trade is done through open outcry pits with dealers shouting orders across the floor.
Financial and business terms. 2012.
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 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 — 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 — noun 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… … Wiktionary
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 — 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
pit — The area on the trading floor where futures and options on futures contracts are bought and sold. Pits are usually raised octagonal platforms with steps descending on the inside that permit buyers and sellers of contracts to see each other.… … Financial and business terms
Pit — A specific area of the trading floor that is designed for the trading of commodities, individual futures, or option contracts. The New York Times Financial Glossary * * * pit pit [pɪt] noun [countable] 1. FINANCE an area of the floor of a… … Financial and business terms
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
