telephone booth (redirected from Phonebooth)

Telephone Booth

A slang term referring to one of the many phone terminals on the floor of the New York Stock Exchange that is used by floor traders to receive orders.

Notes:

With the advent of technology many floor traders use personal digital assistants (PDAs) to receive orders as well.

See also: Floor Trader, NYSE, Pork Chop

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telephone booth

One of several telephone-containing cubicles located around the perimeter of the trading floor of the New York Stock Exchange. Telephones in these booths are used by member firms to receive orders that are to be executed on the floor. Once the orders have been executed, the telephones are used to transmit information back to the members' offices.