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Open-Outcry

   Also found in: Wikipedia 0.01 sec.
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.

Open Outcry
A system of trading on an exchange in which members stand on the trading floor and make orders to each other by crying aloud. Some open outcry systems have developed special sign languages so they can make and fill orders without needing to be heard over the noise on the trading floor. All exchanges were originally open outcry, but many have gradually shifted toward electronic trading.


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Last year saw the close of the last open-outcry trading floor in the City of London ?
Alongside the iconic images of frenzied hand signals and open-outcry trading, CBOE leverages a state-of-the-art electronic trading platform, much of which is underpinned by BMC Software's (NYSE: BMC) Business Service Management (BSM) platform.
An open-outcry auction like this makes the process of moving property easier for sellers because it gathers all bidders in one room and quickly establishes a top bidder.
 
 
 
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