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 ?
The Big Bang was the phrase coined to describe the deregulation of financial markets and change from open-outcry trading to electronic trading.
The shift from the pit/floor trading or open-outcry system -- where traders shout their bids aloud -- to the new e-TRADE platform will occur in phases, and it is expected to take approximately a year to fully transition.
Open-outcry trading hours for CME Livestock futures and options products will not be impacted by this adjustment to CME Globex trading hours.
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.
Electronically traded Nymex energy options now eclipse open-outcry activity, up from less than one-quarter a year ago.
The company, whose market is famous for its raucous, open-outcry trading of oil and gold futures, sold 6.
It will allow us to continue using open-outcry trading, while providing a state-of-the-art electronic trading capability, thus giving our market participants a choice in how they wish to trade.
The LME currently trades via twice-daily open-outcry sessions and an interoffice telephone market.
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.
com) is a national provider of real estate auction services combining high-touch, open-outcry auctions with technologically-advanced online auctions, providing buyers and sellers with unmatched expertise along with efficiently-managed and completely transparent sale methodologies for conducting real estate transactions.