open outcry

(redirected from outcry)
Also found in: Dictionary, Thesaurus.

Open Outcry

A system of trading on an exchange in which members stand on the trading floor and make orders to each other by crying aloud. Some open outcry systems have developed special sign languages so they can make and fill orders without needing to be heard over the noise on the trading floor. All exchanges were originally open outcry, but many have gradually shifted toward electronic trading.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

open outcry

A public auction in which trading is conducted by calling out bids and offers. Open outcry retains its popularity on futures and options exchanges such as the Chicago Board of Trade and the New York Board of Trade despite the introduction of electronic trading systems. Some traders contend that open outcry offers better liquidity with the chance to obtain a better price. Compare auction market, dealer market.
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.

Open outcry.

When exchange-based commodities traders shout out their buy and sell orders or use a combination of words and hand signals to negotiate an order, it's known as open outcry.

When someone who shouts an offer to buy and someone who shouts an order to sell name the same price, a deal is struck, and the trade is recorded. Open outcry is one type of auction.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Other bishops in interviews with the radio joined the outcry.
Only a few dozen jobs were eliminated by the switch to trading via computers, which had been steadily ramping up over the past 10 years, and few people outside the commodities trading industry will notice, or be affected by, open outcry trading going the way of the hand-cranked automobile.
I am also wondering where is the publicity and outcry from the public regarding the closure of day centres.
The lack of an outcry shows that in this case, the victims were somehow less worthy of news coverage -- merely on the basis of their religion.
Mr Lund's appointment caused an outcry over a pay package that included a PS15m "golden hello".
Second, NGFA recommends that part of such an emergency response plan should be that, in the event of a Globex outage, "open outcry trading will be suspended until Globex again becomes operational."
THE principal of a college which reversed a move to ban female Muslim students from wearing the veil after an outcry is to step down.
Mr Price, who retired as headteacher of Speke primary St Christopher's a couple of years ago and is a respected official within the National Primary Headteachers' Association, said: "There was a public outcry and it happened at a time when there was a genuine need for free milk and an expectation from parents.
Think what an outcry there would be if 12 people were to die in a pile-up on our roads in a single day - let alone one day after another.
DAKAR (CyHAN)- The President of Gambia, Yahya Jammeh, has moved to suspend the pending execution of the countries prisoners facing death sentenced, after an international outcry and condemnation.
The signing of the military intelligence-sharing pact with Japan was postponed at the last minute last Friday, due to a strong political outcry in South Korea, where historically rooted anti-Japanese sentiment is still strong.
Summary: The designation of Rafik bouchleka as new minister of foreign affairs in Tunisia has sparked outcry and a wave of criticism among Tunisians, especially liberals and modernists.