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 ?
Segues between segments are brilliantly thought out and executed and tech credits uniformly top-notch: Lensing in the chaotic conditions of the exchange floor or crowded brokerage houses flows freely with none of the hand-held jitteriness generally considered de rigeur to convey the turmoil of trade.
As you might expect, working on the exchange floor can be very stressful.
So, in 1971, Nasdaq combined the two fundamental information technologies--telecommunications and computers--to create the world's first screen-based market, where buying and selling is done via network rather than on an exchange floor.
The work is the exchange floor surfaces in the classrooms of PVC, OSB or concrete reconstruction freight elevator, replacement of the plastic windows on the southwest side of the building, repair interior plaster, plasterboard construction, the new distribution of power and low voltage wiring, plumbing, heating, replacement of gutters , gutters and flashings, landscaping.
OWNERS Joel & Avram Glazer, 2nd and 3rd from left, at launch yesterday FANS* Traders on New York stock exchange floor
The spivs are not just on the stock exchange floor.
Michael Floyd, a colleague from face-to-face trading on the Birmingham Stock Exchange floor, recalls: "He taught me to read upside down so I could read the other jobber's prices.
A good place to start is with the restriction that prohibits money managers from having their broker affiliates execute portfolio trades on the exchange floor.
He started on the Stock Exchange floor as a teenager and ended up with a virtual monopoly in trading London's smaller stocks, making himself a multi-millionaire on the way.
Traders said rumours of the hostage drama began to spread on the exchange floor, which is at ground level, but no official announcement was ever made.