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 ?
Its trading floor is the only trading floor in Russia equipped with one of the largest LED screens in the world with such a high resolution (pixel pitch of 1.
Pardo and the PSE's board of directors and management led the opening of the new trading floor on Monday while a dragon dance was also held to commemorate the lunar year turnover.
The oil and petrochemical trading floor witnessed offering of 3,179 MT of polymer products, 9,006 MT of chemical products, 8,760 MT of VB feed stock and 1,163 MT of bitumen.
The educational trading floor has been inaugurated in the presence of Essa Kazim, chairman of DFM, Hassan Abdulrahman Al Serkal, chief operations officer (COO), DFM and Muthanna Abdul Razzaq, president and CEO of the AUE.
Based on the resolution of the cabinet and the long-term strategies of the government to boost the export of crude oil and petrochemical products in a transparent and lawful market, IME was mandated to establish export trading floor in the Kish Island in Persian Gulf.
This enables the firms to use the same systems and personnel on and off the trading floor.
The signing of this agreement comes on the sidelines of the exchange's preparations for equipping the trading floor at the new premises.
Five virtual days of trading are condensed into two hours,with teams dealing in shares on a live trading floor.
In October of 2006, Mack Trading LLC and SGI LLC formally consolidated their NYSE trading floor operations in the firm's first move to streamline operations and achieve greater efficiencies.
On this trading floor, 3,400 MT of aluminum, 131,707 MT of steel products, 7,540 MT of copper, 6,100 MT of cement, 160 MT of molybdenum concentrates, 12 MT of precious metal concentrates as well as 20 kg of gold bullion were traded.
In the metals and minerals trading floor, 860 MT of copper cathode was offered with the base value of 193,992 IRR.
Protiva Trade Connect is an easy-to-deploy, easy-to-use authentication software solution that delivers convenience, robust security controls, and a strong return on investment through smooth and efficient trading floor operations, it added.