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Informal; a cubicle on the New York Stock Exchange. Member firms use booths to take orders for trade, which are then executed on the trading floor. Members then use the booths 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 booths. See also: Telephone booth.
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Workspaces on the perimeter of the NYSE trading floor where member firms and independent brokers receive orders.
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.