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 ?
It is part of a national plan to cut 650 phone boxes throughout the country - meaning more than 60 per cent have been axed since 2003.
Mr Smyth said: "Public phone boxes are still very important to many communities across the South of Scotland, especially in rural areas.
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It says that not one call was made in the phone boxes in Churchstoke and Criggion while just one call was made from the kiosks in Llanfechain and Llangadfan.
Phone boxes are currently treated as "permitted developments" - meaning companies only need a licence from Ofcom to install one rather than requiring full planning permission, though councils can object.
It solicited proposals for a custom-designed phone box, and though problems have cropped up with the internet-connected kiosks, the city is now expected to earn half a billion dollars (Dh1.83 billion) over 12 years from its cut of the advertising revenue.
"I don't think people missed it as a phone box," said the 75-year-old DIY enthusiast, "but it had become quite a landmark.
Overall, more than half of BT's phone box estate is loss-making, with a third making less than one call a month.
A phone box in Dunblane has been painted gold to match Andy Murray's iconic golden postbox.