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 ?
For the first time since the unification of two legacy stock exchanges 25 years ago, the Philippine Stock Exchange (PSE) opened a unified trading floor at its new headquarters in Bonifacio Global City on Monday, auspiciously timed on the first trading day of the new lunar Year of the Dog.
On this trading floor, 3,400 MT of aluminum, 131,707 MT of steel products, 7,540 MT of copper, 6,100 MT of cement, 160 MT of molybdenum concentrates, 12 MT of precious metal concentrates as well as 20 kg of gold bullion were traded.
The enormous success and warm welcome of the first educational trading floor at Dubai Men's College and its outstanding contribution in liking theoretical studies with practice and introducing students to stock market sector have been the key drivers to plan for new educational trading floors.
Also, In the oil and petrochemical trading floor 160,000 MT of various types of commodities was traded with the total value of 2,988 billion IRR ($119,520,000) and 42,000 MT of bitumen with the total value of 556 billion IRR ($22,240,000) as well as 36,000 MT of polymer products with the total value of 1,277 billion IRR ($51,080,000).
Moreover, 1,254 MT of maize were traded on the same trading floor within the framework of supportive price plan.
In oil and petrochemical trading floor of IME, more than 236,000 MT of commodities was traded with the approximate total value of 4,382 billion IRR (1.
Protiva Trade Connect is perfect for hectic trading floor environments where every second counts," said Francois Lasnier, senior vice president, Online Authentication at Gemalto.
Subsequent trading floors in Fairfield County range from the massive Swiss Bank operation in downtown Stamford to a six-person operation of Tucker Anthony in Fairfield.
On this trading floor, 1,900 MT of aluminum, 195,455 MT of steel products, 5,530 MT of copper, 1,000 MT of cement, 80 MT of molybdenum concentrates, 21 MT of precious metal concentrates as well as 20 kg of gold bullion were traded.
The facility will be 15 stories high provide high and provide 500,000 square feet, including two 25,000 square-foot trading floors.