Open-outcry

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.
References in periodicals archive ?
When the open-outcry trading closed on Friday, three-month copper was up 1.
Currently, the markets are open some 13 hours via the Globex/electronic trade and another four hours via open-outcry trading.
The contracts will be listed for electronic trading on CME Globex, open-outcry and over-the-counter clearing on CME ClearPort.
The company, whose market is famous for its raucous, open-outcry trading of oil and gold futures, sold 6.
This two-by-two classification yields four auction types: the first-price sealed-bid auction, the second-price sealed-bid auction, the descending-price open-outcry auction, and the ascending-price open-outcry auction.
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.
Weekly Options on Soybean Meal, Soybean Oil and Live Cattle futures will be American style and will be listed for electronic trading on CME Globex and open-outcry.
But it has had trouble attracting international companies, which are more familiar with the open-outcry system used by the Amex.
equity trading structure will be significantly altered by Reg NMS, which poses a significant threat to the competitiveness of traditional, open-outcry markets.
TM) subsidiary has voted to end open-outcry trading for futures contracts at the end of February 2008, as trading in the exchange's futures contracts is now primarily electronic.
Their aim was to create a hand-held product that would allow traders to deal from the floors of open-outcry exchanges.
The average daily volume of TA 25 index options in the first week of automated trading surged to more than 60,000 contracts, twice the daily average achieved on the open-outcry trading floor during the first half of October.