Trading floor

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Trading Floor

The physical place where trading occurs on an exchange with an open outcry system. For example, the New York Stock Exchange has a place where traders and members gather to buy and sell securities. Many exchanges are moving away from trading floors and toward conducting more trades electronically. It is also called a floor.

Trading floor.

The trading floor is the active trading area of a stock exchange, such as the New York Stock Exchange (NYSE).

Securities are traded double auction style on an exchange trading floor. That means the prices are set by competitive bidding between brokers representing buyers and brokers representing sellers, following a series of clearly established exchange rules.

Many market maker firms refer to the space in their offices that they have allocated for trading as their trading floor. The same term is used to describe the trading areas in banks and brokerage firms.

References in periodicals archive ?
Because of this efficiency and for other reasons, the Company believes that the potential business opportunity for systems catering to the listed equity markets and corresponding exchange floors remains extremely robust.
The Company's NYFIX Network, a combined FIX and Exchange Access Network, enables users to electronically communicate trade data among the buy-side, sell-side, and exchange floor environments.
By supplying essential access to exchange floors, the Company is providing the primary facility available for exchange member firms to communicate electronically between their exchange floor operations and their upstairs trading desks.
Amex: TSI) today announced that it has entered into three subscription agreements with major brokerage firms to provide a host of NYFIX products including desktop and exchange floor order management systems and electronic connectivity services.
In remarks delivered today at "The Future of Buy Side/Sell Side Communications Conference," sponsored by Securities Industry News at the World Financial Center, Peter Kilbinger Hansen, Trinitech's President and Chief Executive Officer, stated that, "NYFiX will provide the Industry with unprecedented electronic access to multiple exchange floors, major brokerage firms and institutions, as well as third-party vendor systems for routing FIX orders, executions, indications of interest (I0I's), exchange floor 'looks,' and any other FIX message type in real-time.
The latest contracts call for the installation of the Company's order management and order routing products (for instant quote routing and equity order management & routing) to support both exchange floor brokers on the NYSE and Amex and the "upstairs" traders of the respective firms.
By combining content-rich conferences with transactional exchange floors, eMarketWorld creates educational eBusiness marketplaces where executives from a wide range of industries enjoy dynamic networking and knowledge-sharing opportunities.
The eHealthcare Tour is produced by eMarketWorld, an Internet company that combines vertical industry-specific conferences with highly transactional exchange floors to form an eBusiness Marketplace to educate senior executives on the opportunities offered by the Internet and enable them to accelerate their impact on the new economy.
com is an Internet company that combines vertical industry-specific conferences with highly transactional exchange floors to form an eBusiness Marketplace to educate senior executives on the opportunities offered by the Internet and enable them to accelerate their impact on the new economy.
com expects to have launched dozens of exchange floors in produce, juice concentrate, dried fruit, rice, and tree nut categories.
NewYork will also feature the largest @d:tech Exchange Floor to date, with more than 175 exhibitors showing off the latest products and services for the Internet economy.