Open Outcry
Definition
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 At most exchanges outside the US, open outcry has been replaced by Electronic Trading Platforms.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.
Related Terms Other terms related to 'Open Outcry' starting with the letter 'O' Omnibus Account, Outright, One to Many, Option Writer, Open Trade Equity Browse by Letter » A B C D E F G H I J K L M N O P Q R S T U V W Y Z
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