Open Outcry

RECENT NEWS
Forbes  Dec 19  Comment 
New regulations are bringing together the previously separated worlds of over-the-counter and exchange-traded derivatives, said Steve Grob director of group strategy at Fidessa. He has recently published a paper on the topic “You Only Live...
Finance Documentaries  Nov 19  Comment 
This short documentary explains what the old LIFFE (London International Financial Futures Exchange - now a part of NYSE Euronext) was and how it worked. The LIFFE was established in 1982 at the Royal Exchange in The City of London in order to...
Reuters  Oct 20  Comment 
Louis Barbera will go to work in downtown Manhattan on Monday to trade soft commodities as he has done for almost two decades.
Wall Street Journal  Apr 13  Comment 
Independent traders staged a walkout of CME Group options on Eurodollar futures, protesting a large, privately negotiated trade a day earlier that they claimed was unfair.
Mondo Visione  Sep 29  Comment 
The Kansas City Board of Trade's Board of Directors yesterday approved the addition of a post settlement session for the KCBT's hard red winter wheat options contract and voted to amend the open outcry trading closing time to 1:15 p.m. CT.
MarketWatch  Oct 12  Comment 
The Chicago Board Options Exchange's electronic trade was not working on Monday, but the CBOE remained "open for business, just by open outcry," said Gail Osten, a spokeswoman for the CBOE. "We've been having systems difficulties since 8:30 this...
Financial Times  Sep 16  Comment 
Social networking site is resurrecting in cyberspace the trading pits of yesteryear as traders reconnect with global counterparts
Mondo Visione  Jul 7  Comment 
The Spanish Stock Exchange has decided to transfer the shares that are traded in open outcry pits to an electronic trading pit environment. The initiative is intended to boost the shares' liquidity, transparency and accessibility.




RELATED WIKI ARTICLES
 

It's a way of trading in a stock exchange which mainly depends on communication between trading professionals through hand signs, signals and shouting out loud. (Yes the place would definitely look chaotic with all the shouting and people roaming!)

The place of trading is referred to as the Pit and, the hand signaling is sometimes referred to as Arbitrage or the Arb.
www.tradingpithistory.com hosts the guide to the signals used in an Open Outcry system.

It's one of the methods of carrying out trading at the Chicago Mercantile Exchange Holdings (CME) apart from the completely online trading platform CME Globex.

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