telephone booth

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Telephone Booth

Informal; a cubicle containing a telephone on the New York Stock Exchange. Member firms use these telephones to take orders for trade, which are then executed on the trading floor. Members then use the telephone booth to communicate the trade back to a client. With the advent of Blackberries and other personal digital devices, some members have begun using these instead of the telephone booths.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
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The telco is targeting the country's least-used phone booths, some of which have been unused for more than a year.
Classic red phone booths could become art galleries or even tourist information points after councils in the region were asked by BT to take part in a payphone 'adoption' scheme.
In busy areas - sidewalks, parks, hotels, stations and stores - phone booths blocked out the noisy crisscross of bustle and hurry for a minute so a person could conduct a conversation over a pay phone.
If people have to smoke outside, maybe there should be smoking booths, like phone booths, where they can go in and smoke.
In addition, a Parisian cafe and modified English phone booths were designed as employee break areas to draw attention to their international side of business.
They want to destroy everything in sight, from bus shelters to phone booths.