cabinet crowd

Cabinet Crowd

Members of the NYSE that typically trade in inactive bonds. Also known as the inactive bond crowd or book crowd.

Notes:

The name cabinet crowd arises from the fact that these members will typically enter limit orders for transacting these bonds which are kept in "cabinets" adjacent to the bond trading floor until the limit prices are attained.

See also: Active Bond, Active Bond Crowd, Bond, Cabinet Security, Floor, Limit Order, NYSE

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Cabinet crowd

NYSE members who trade bonds with a low daily traded volume. See: Automated Bond System.

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cabinet crowd

New York Stock Exchange members who trade inactive bonds. Also called inactive bond crowd. Compare active bond crowd.